MAG Silver (TSE:MAG) Raised to Strong-Buy at TD Securities

TD Securities upgraded shares of MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. CIBC lifted their price target on MAG Silver from C$25.00 to C$26.00 in a report on Monday, December 2nd. Stifel Nicolaus lifted their price target on MAG Silver from C$25.00 to C$25.50 in a report on Monday, November 25th. Finally, Panmure Gordon lifted their price target on MAG Silver from C$26.40 to C$27.10 in a report on Friday, November 22nd. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, MAG Silver has an average rating of “Moderate Buy” and an average target price of C$25.45.

MAG Silver Stock Performance

Shares of MAG stock opened at C$22.62 on Monday. The business has a 50 day moving average of C$22.03 and a two-hundred day moving average of C$21.10. The company has a market cap of C$1.64 billion, a P/E ratio of 21.98, a PEG ratio of 0.84 and a beta of 1.14. The company has a quick ratio of 25.31, a current ratio of 32.55 and a debt-to-equity ratio of 0.01. MAG Silver has a 52 week low of C$12.16 and a 52 week high of C$25.36.

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%).