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

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$20.94.

Several brokerages recently issued reports on MAG. TD Securities lifted their price target on shares of MAG Silver from C$20.00 to C$21.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Canaccord Genuity Group lifted their price target on shares of MAG Silver from C$20.00 to C$22.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Raymond James lifted their price target on shares of MAG Silver from C$19.50 to C$20.50 in a report on Tuesday, April 23rd. CIBC lifted their price target on shares of MAG Silver from C$17.50 to C$22.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Finally, Ventum Cap Mkts lowered shares of MAG Silver from a “buy” rating to a “neutral” rating in a report on Friday, May 3rd.

Insiders Place Their Bets

In other news, Senior Officer Marc Justin Turcotte sold 4,208 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of C$17.22, for a total value of C$72,446.61. Insiders own 0.96% of the company’s stock.

MAG Silver Price Performance

Shares of TSE:MAG opened at C$18.07 on Thursday. The firm has a 50 day moving average of C$17.41 and a 200-day moving average of C$14.90. The stock has a market capitalization of C$1.86 billion, a PE ratio of 23.47, a PEG ratio of 0.84 and a beta of 1.03. The company has a current ratio of 14.66, a quick ratio of 25.31 and a debt-to-equity ratio of 0.02. MAG Silver has a 12 month low of C$11.15 and a 12 month high of C$19.30.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued its earnings results on Tuesday, May 14th. The company reported C$0.19 EPS for the quarter, beating the consensus estimate of C$0.14 by C$0.05. On average, equities research analysts predict that MAG Silver will post 0.697861 EPS 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.