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

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$25.20.

A number of research analysts have issued reports on the company. Raymond James upped their price objective on MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. CIBC raised their price objective on shares of MAG Silver from C$25.00 to C$26.00 in a report on Monday, December 2nd. BMO Capital Markets boosted their target price on shares of MAG Silver from C$24.00 to C$26.00 in a research note on Friday, October 25th. Panmure Gordon raised their price target on shares of MAG Silver from C$26.40 to C$27.10 in a research note on Friday, November 22nd. Finally, Roth Capital downgraded MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th.

Insider Activity at MAG Silver

In other MAG Silver news, Director George Nickolas Paspalas sold 50,024 shares of the firm’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.

MAG Silver Stock Up 2.1 %

MAG opened at C$19.53 on Thursday. MAG Silver has a fifty-two week low of C$11.15 and a fifty-two week high of C$25.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 28.03 and a quick ratio of 25.31. The company’s 50-day moving average is C$21.78 and its 200 day moving average is C$19.47. The firm has a market capitalization of C$2.02 billion, a P/E ratio of 24.72, a PEG ratio of 0.84 and a beta of 1.14.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced its earnings results on Tuesday, November 12th. The company reported C$0.30 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.02. Research analysts expect that MAG Silver will post 1.2235023 earnings per share for the current fiscal 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.