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

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

Several other equities research analysts also recently commented on the company. Stifel Nicolaus boosted their target price on MAG Silver from C$25.00 to C$25.50 in a report on Monday, November 25th. Panmure Gordon upped their price target on MAG Silver from C$26.40 to C$27.10 in a report on Friday, November 22nd. Finally, CIBC upped their price target 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 assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$25.45.

MAG Silver Trading Up 7.3 %

MAG Silver stock opened at C$21.95 on Monday. The company has a current ratio of 32.55, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is C$21.97 and its two-hundred day simple moving average is C$21.06. MAG Silver has a 12 month low of C$12.12 and a 12 month high of C$25.36. The company has a market capitalization of C$1.59 billion, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14.

Insider Activity at MAG Silver

In related news, Director George Nickolas Paspalas sold 50,024 shares of the stock in a transaction that occurred on 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. 0.96% of the stock is owned by corporate insiders.

About MAG Silver

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%).