MAG Silver (TSE:MAG) Given New C$27.00 Price Target at TD Securities

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price target increased by equities researchers at TD Securities from C$26.00 to C$27.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 12.03% from the company’s current price.

Several other research analysts have also commented on MAG. CIBC raised their price objective on MAG Silver from C$25.00 to C$26.00 in a research report on Monday, December 2nd. Raymond James boosted their price target on MAG Silver from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. BMO Capital Markets increased their price objective on shares of MAG Silver from C$24.00 to C$26.00 in a research report on Friday, October 25th. Roth Capital cut shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Panmure Gordon raised their price target on shares of MAG Silver from C$26.40 to C$27.10 in a report on Friday, November 22nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$25.45.

MAG Silver Trading Up 9.4 %

Shares of MAG Silver stock traded up C$2.08 during trading hours on Thursday, reaching C$24.10. The stock had a trading volume of 66,489 shares, compared to its average volume of 126,935. The firm has a market capitalization of C$2.49 billion, a price-to-earnings ratio of 30.51, a P/E/G ratio of 0.84 and a beta of 1.14. MAG Silver has a 1 year low of C$11.15 and a 1 year high of C$25.36. The company has a current ratio of 28.03, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01. The firm has a 50 day simple moving average of C$21.05 and a two-hundred day simple moving average of C$20.09.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its quarterly earnings data on Tuesday, November 12th. The company reported C$0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.28 by C$0.02. As a group, equities research analysts anticipate that MAG Silver will post 1.2235023 earnings per share for the current year.

Insider Transactions at MAG Silver

In related 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. Insiders own 0.96% 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.