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

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) has earned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$21.06.

MAG has been the topic of several research analyst reports. TD Securities boosted their price objective on MAG Silver from C$21.00 to C$22.00 in a research report on Monday, July 22nd. CIBC boosted their price objective on MAG Silver from C$17.50 to C$22.00 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. Raymond James boosted their price objective on MAG Silver from C$19.50 to C$20.50 in a research report on Tuesday, April 23rd. Canaccord Genuity Group boosted their target price on MAG Silver from C$20.00 to C$22.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Finally, National Bankshares boosted their target price on 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 Stock Performance

Shares of MAG opened at C$17.57 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 14.66 and a quick ratio of 25.31. MAG Silver has a one year low of C$11.15 and a one year high of C$19.65. The firm has a market capitalization of C$1.81 billion, a P/E ratio of 22.82, a PEG ratio of 0.84 and a beta of 1.03. The business has a fifty day moving average of C$17.58 and a 200 day moving average of C$15.50.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its earnings results on Tuesday, May 14th. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.14 by C$0.05. As a group, sell-side analysts anticipate that MAG Silver will post 0.697861 EPS for the current year.

Insiders Place Their Bets

In other news, Senior Officer Marc Justin Turcotte sold 4,208 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of C$17.22, for a total transaction of C$72,446.61. 0.96% of the stock is currently owned by insiders.

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.