MAG Silver Corp. (TSE:MAG) Receives C$25.20 Average PT from Analysts

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$25.20.

A number of research firms recently commented on MAG. CIBC upped their price objective on MAG Silver from C$25.00 to C$26.00 in a research report on Monday, December 2nd. BMO Capital Markets upped their price target on shares of MAG Silver from C$24.00 to C$26.00 in a research report on Friday, October 25th. Panmure Gordon raised their price objective on shares of MAG Silver from C$26.40 to C$27.10 in a report on Friday, November 22nd. Roth Capital cut shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Stifel Nicolaus increased their price target on shares of MAG Silver from C$25.00 to C$25.50 in a research report on Monday, November 25th.

MAG Silver Stock Down 0.7 %

Shares of MAG Silver stock opened at C$19.92 on Thursday. The company has a 50-day simple moving average of C$22.00 and a two-hundred day simple moving average of C$19.43. The stock has a market capitalization of C$2.06 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. MAG Silver has a 52-week low of C$11.15 and a 52-week high of C$25.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 28.03.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its quarterly earnings results on Tuesday, November 12th. The company reported C$0.30 earnings per share for the quarter, topping the consensus estimate of C$0.28 by C$0.02. On average, analysts anticipate that MAG Silver will post 1.2235023 EPS for the current fiscal year.

Insider Buying and Selling at MAG Silver

In other news, Director George Nickolas Paspalas sold 50,024 shares of MAG Silver stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of C$21.87, for a total value of C$1,094,099.92. 0.96% of the stock is owned by company insiders.

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.