Brokerages Set MAG Silver Corp. (TSE:MAG) Target Price at C$19.44

Shares of MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) have received an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$19.44.

A number of equities analysts have commented on the stock. Stifel Nicolaus upped their target price on shares of MAG Silver from C$19.50 to C$20.50 in a research note on Friday. TD Securities dropped their target price on shares of MAG Silver from C$20.00 to C$18.00 and set a “buy” rating on the stock in a research note on Wednesday, March 20th. BMO Capital Markets dropped their target price on shares of MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. Raymond James dropped their target price on shares of MAG Silver from C$21.00 to C$19.50 and set an “outperform” rating on the stock in a research note on Thursday, March 28th. Finally, National Bankshares dropped their target price on shares of MAG Silver from C$21.75 to C$21.50 in a research note on Friday.

MAG Silver Stock Performance

Shares of TSE:MAG opened at C$16.26 on Friday. The company has a market capitalization of C$1.67 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 0.84 and a beta of 1.00. MAG Silver has a 12 month low of C$11.15 and a 12 month high of C$18.51. The firm’s 50-day moving average is C$13.54 and its 200 day moving average is C$13.80. The company has a current ratio of 15.04, a quick ratio of 25.31 and a debt-to-equity ratio of 0.03.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued its quarterly earnings results on Tuesday, March 19th. The company reported C$0.19 EPS for the quarter, beating the consensus estimate of C$0.18 by C$0.01. Research analysts predict that MAG Silver will post 0.5547739 EPS for the current year.

Insider Activity

In other news, Senior Officer Peter Megaw sold 76,291 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$16.39, for a total transaction of C$1,250,172.99. In other news, Senior Officer Peter Megaw sold 76,291 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$16.39, for a total transaction of C$1,250,172.99. Also, Senior Officer Michael John Curlook sold 18,779 shares of the stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total transaction of C$317,552.89. Over the last ninety days, insiders have sold 106,704 shares of company stock worth $1,752,125. Corporate insiders own 0.47% of the company’s stock.

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.