MAG Silver Corp. (TSE:MAG) Receives C$21.17 Consensus PT from Analysts

MAG Silver Corp. (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG has been assigned an average rating of "Moderate Buy" from the eight brokerages that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$21.17.

A number of research analysts recently weighed in on the company. Stifel Nicolaus boosted their target price on MAG Silver from C$21.25 to C$21.50 in a report on Tuesday, August 6th. TD Securities upped their price objective on shares of MAG Silver from C$21.00 to C$22.00 in a report on Monday, July 22nd.

MAG Silver Stock Down 1.3 %

Shares of TSE MAG traded down C$0.29 during midday trading on Friday, reaching C$21.24. The company's stock had a trading volume of 279,200 shares, compared to its average volume of 216,356. The stock has a 50 day simple moving average of C$18.43 and a 200-day simple moving average of C$17.45. The company has a current ratio of 28.03, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of C$2.19 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 0.84 and a beta of 1.14. MAG Silver has a fifty-two week low of C$11.15 and a fifty-two week high of C$22.00.

MAG Silver (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG last released its earnings results on Thursday, August 1st. The company reported C$0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.27 by C$0.01. Equities research analysts predict that MAG Silver will post 1.2235023 earnings per share for the current year.

About MAG Silver

MAG Silver Corp. develops and explores for precious metal properties in Canada. It explores for silver, gold, lead, copper, and zinc deposits. The company's flagship property is the 44% owned Juanicipio property located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp. is headquartered in Vancouver, Canada.