MAG Silver Corp. (TSE:MAG) Receives Consensus Rating of “Moderate Buy” from Analysts

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) has earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$25.45.

A number of equities analysts have commented on MAG shares. CIBC raised their price objective on MAG Silver from C$25.00 to C$26.00 in a research note on Monday, December 2nd. Panmure Gordon lifted their price target on MAG Silver from C$26.40 to C$27.10 in a research note on Friday, November 22nd. TD Securities raised their price objective on MAG Silver from C$26.00 to C$27.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Stifel Nicolaus raised their price objective on MAG Silver from C$25.00 to C$25.50 in a report on Monday, November 25th.

MAG Silver Price Performance

Shares of TSE MAG opened at C$20.45 on Tuesday. The firm has a market cap of C$1.48 billion, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The company has a current ratio of 32.55, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01. MAG Silver has a 1-year low of C$12.12 and a 1-year high of C$25.36. The business’s 50 day moving average is C$21.92 and its 200-day moving average is C$21.03.

Insider Activity

In other news, Director George Nickolas Paspalas sold 50,024 shares of the business’s stock in a transaction dated 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 is a Canadian mining company. It is focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district-scale, silver-dominant projects in the Americas. Its principal focus and asset are the Juanicipio Project (44%), being developed in a JV partnership with Fresnillo Plc (56%).