MAG Silver (TSE:MAG) Share Price Passes Below Two Hundred Day Moving Average of $16.29

MAG Silver Corp. (TSE:MAGGet Free Report) (NYSEAMERICAN:MAG)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$16.29 and traded as low as C$15.89. MAG Silver shares last traded at C$15.89, with a volume of 87,549 shares changing hands.

Analyst Ratings Changes

MAG has been the subject of several recent analyst reports. TD Securities raised their target price on MAG Silver from C$21.00 to C$22.00 in a research report on Monday, July 22nd. Stifel Nicolaus increased their price objective on MAG Silver from C$21.25 to C$21.50 in a research note on Tuesday, August 6th. National Bankshares lifted their target price on MAG Silver from C$21.00 to C$24.00 and gave the company an “outperform” rating in a research note on Wednesday, May 29th. Finally, CIBC increased their price target on shares of MAG Silver from C$17.50 to C$22.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$21.17.

View Our Latest Stock Report on MAG

MAG Silver Trading Down 3.3 %

The company has a fifty day moving average price of C$17.60 and a 200-day moving average price of C$16.32. The firm has a market capitalization of C$1.64 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. 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:MAGGet Free Report) (NYSEAMERICAN:MAG) last posted its 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.

Insider Activity at MAG Silver

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

MAG Silver Company Profile

(Get Free Report)

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.

Further Reading

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