MAG Silver (TSE:MAG) Upgraded by TD Securities to Strong-Buy Rating

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) was upgraded by equities researchers at TD Securities to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Other research analysts also recently issued reports about the company. Panmure Gordon raised their price objective on MAG Silver from C$26.40 to C$27.10 in a report on Friday, November 22nd. Stifel Nicolaus raised their price objective on MAG Silver from C$25.00 to C$25.50 in a report on Monday, November 25th. Finally, CIBC raised their price objective on MAG Silver from C$25.00 to C$26.00 in a report on Monday, December 2nd. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, MAG Silver currently has an average rating of “Moderate Buy” and a consensus target price of C$25.45.

MAG Silver Price Performance

Shares of MAG stock opened at C$21.95 on Monday. MAG Silver has a 52-week low of C$12.12 and a 52-week high of C$25.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 32.55. The firm has a market capitalization of C$1.59 billion, a P/E ratio of 21.32, a P/E/G ratio of 0.84 and a beta of 1.14. The stock has a 50 day moving average price of C$21.97 and a 200 day moving average price of C$21.06.

Insider Activity

In other MAG Silver news, Director George Nickolas Paspalas sold 50,024 shares of MAG Silver stock in a transaction dated 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. Company insiders own 0.96% of the company’s stock.

MAG Silver Company Profile

MAG Silver Corp is a Canadian mining company. It is focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district-scale, silver-dominant projects in the Americas. Its principal focus and asset are the Juanicipio Project (44%), being developed in a JV partnership with Fresnillo Plc (56%).