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

Shares of MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) have received an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and six have assigned 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$21.17.

Several research analysts recently issued reports on MAG shares. Stifel Nicolaus increased their price target on shares of MAG Silver from C$21.25 to C$21.50 in a research report on Tuesday, August 6th. TD Securities increased their price target on shares of MAG Silver from C$21.00 to C$22.00 in a research report on Monday, July 22nd. Finally, National Bankshares increased their price target on shares of MAG Silver from C$21.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 29th.

MAG Silver Trading Up 1.7 %

Shares of TSE:MAG opened at C$19.50 on Tuesday. The stock has a market capitalization of C$2.01 billion, a PE ratio of 24.68, 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$20.06. The firm has a fifty day moving average price of C$17.92 and a 200 day moving average price of C$16.79. The company has a current ratio of 28.03, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.27 by C$0.01. Analysts expect that MAG Silver will post 1.2205607 EPS for the current fiscal year.

MAG Silver Company Profile

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.