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

Shares of MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) have been given a consensus recommendation of “Moderate Buy” by the eight research firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$25.20.

MAG has been the topic of a number of research reports. TD Securities upped their price target on MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. Roth Capital cut MAG Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. BMO Capital Markets boosted their price target on shares of MAG Silver from C$24.00 to C$26.00 in a research note on Friday, October 25th. Panmure Gordon upped their price objective on shares of MAG Silver from C$26.40 to C$27.10 in a report on Friday, November 22nd. Finally, Raymond James lifted their price objective on shares of MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a report on Thursday, October 24th.

Insiders Place Their Bets

In other news, Director George Nickolas Paspalas sold 50,024 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$21.87, for a total transaction of C$1,094,099.92. 0.96% of the stock is currently owned by insiders.

MAG Silver Stock Performance

Shares of MAG stock opened at C$21.77 on Monday. The firm has a 50 day moving average of C$21.08 and a 200-day moving average of C$19.99. The company has a market cap of C$2.25 billion, a price-to-earnings ratio of 27.56, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The company has a quick ratio of 25.31, a current ratio of 28.03 and a debt-to-equity ratio of 0.01. MAG Silver has a 52 week low of C$11.15 and a 52 week high of C$25.36.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its quarterly earnings results on Tuesday, November 12th. The company reported C$0.30 EPS for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.02. On average, equities analysts forecast that MAG Silver will post 1.2235023 earnings per share for the current 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.