MAG Silver Corp. (TSE:MAG) Receives Average Recommendation of “Moderate Buy” from Brokerages

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) has been given a consensus rating of “Moderate Buy” by the nine analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$20.94.

MAG has been the subject of several recent research reports. Canaccord Genuity Group increased their price target on MAG Silver from C$20.00 to C$22.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Raymond James raised their target price on MAG Silver from C$19.50 to C$20.50 in a research note on Tuesday, April 23rd. CIBC increased their price target on MAG Silver from C$17.50 to C$22.00 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. Ventum Cap Mkts lowered MAG Silver from a “buy” rating to a “neutral” rating in a report on Friday, May 3rd. Finally, TD Securities raised their target price on MAG Silver from C$20.00 to C$21.00 and gave the company a “buy” rating in a report on Thursday, May 16th.

Insider Buying and Selling

In other MAG Silver news, Senior Officer Marc Justin Turcotte sold 4,208 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of C$17.22, for a total value of C$72,446.61. In other news, Senior Officer Marc Justin Turcotte sold 4,208 shares of MAG Silver stock in a transaction on Monday, June 10th. The stock was sold at an average price of C$17.22, for a total value of C$72,446.61. Also, Senior Officer Michael John Curlook sold 18,779 shares of MAG Silver stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total value of C$317,552.89. 0.96% of the stock is currently owned by corporate insiders.

MAG Silver Price Performance

Shares of MAG stock opened at C$16.79 on Thursday. The company has a quick ratio of 25.31, a current ratio of 14.66 and a debt-to-equity ratio of 0.02. MAG Silver has a twelve month low of C$11.15 and a twelve month high of C$19.30. The company has a market cap of C$1.73 billion, a P/E ratio of 21.81, a P/E/G ratio of 0.84 and a beta of 1.03. The business has a fifty day simple moving average of C$17.43 and a 200 day simple moving average of C$14.79.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced its quarterly earnings data on Tuesday, May 14th. The company reported C$0.19 earnings per share for the quarter, topping the consensus estimate of C$0.14 by C$0.05. On average, sell-side analysts forecast that MAG Silver will post 0.697861 EPS for the current fiscal year.

MAG Silver Company Profile

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.