Analysts Set MAG Silver Corp. (TSE:MAG) Target Price at C$24.71

Shares of MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) have been assigned a consensus recommendation of “Buy” from the ten brokerages that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$24.71.

A number of brokerages have commented on MAG. CIBC reissued a “neutral” rating and issued a C$27.00 price objective on shares of MAG Silver in a research note on Wednesday, April 14th. TD Securities boosted their target price on shares of MAG Silver from C$27.00 to C$30.00 and gave the stock a “hold” rating in a research report on Thursday, January 7th. Finally, Raymond James restated an “outperform” rating and set a C$27.00 price objective on shares of MAG Silver in a research note on Monday, April 5th.

MAG stock opened at C$21.89 on Friday. The stock’s fifty day simple moving average is C$20.95 and its two-hundred day simple moving average is C$22.74. The company has a current ratio of 105.90, a quick ratio of 105.33 and a debt-to-equity ratio of 0.15. MAG Silver has a 1-year low of C$13.30 and a 1-year high of C$31.21. The stock has a market cap of C$2.08 billion and a P/E ratio of -223.37.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its quarterly earnings data on Wednesday, March 31st. The company reported C$0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.02) by C$0.17. As a group, analysts forecast that MAG Silver will post 1.1799999 earnings per share for the current fiscal year.

MAG Silver Company Profile

MAG Silver Corp. focuses on the acquisition, exploration, and development of mineral properties primarily in the Americas. The company explores for silver, gold, lead, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico.

See Also: Environmental, Social, and Governance (ESG) Investing

Analyst Recommendations for MAG Silver (TSE:MAG)

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