Analysts Set MAG Silver Corp. (TSE:MAG) Price Target at C$21.17

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) has received an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$21.17.

Several analysts have commented on the company. Stifel Nicolaus upped their price objective on MAG Silver from C$21.25 to C$21.50 in a research note on Tuesday, August 6th. TD Securities increased their target price on shares of MAG Silver from C$21.00 to C$22.00 in a report on Monday, July 22nd.

MAG Silver Stock Performance

The company has a quick ratio of 25.31, a current ratio of 28.03 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is C$18.47 and its 200-day simple moving average is C$17.58. The firm 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 52-week low of C$11.15 and a 52-week high of C$22.00.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.27 by C$0.01. As a group, analysts predict that MAG Silver will post 1.2235023 earnings per share for the current fiscal 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.