Brokerages Set MAG Silver Corp. (TSE:MAG) Price Target at C$21.17

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) has been given a consensus rating of “Moderate Buy” by the eight research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$21.17.

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

MAG Silver Stock Performance

MAG Silver stock opened at C$19.17 on Tuesday. The firm has a 50 day simple moving average of C$17.89 and a 200-day simple moving average of C$16.70. The stock has a market cap of C$1.98 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 28.03 and a quick ratio of 25.31. MAG Silver has a 1-year low of C$11.15 and a 1-year high of C$20.06.

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