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

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$21.17.

Several research analysts recently weighed in on MAG shares. TD Securities lifted their price objective on shares of MAG Silver from C$21.00 to C$22.00 in a research note on Monday, July 22nd. 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 stock opened at C$21.24 on Friday. MAG Silver has a twelve month low of C$11.15 and a twelve month high of C$22.00. The company has a quick ratio of 25.31, a current ratio of 28.03 and a debt-to-equity ratio of 0.01. The company has a market cap of C$2.19 billion, a P/E ratio of 26.89, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The business’s fifty day moving average is C$18.37 and its 200-day moving average is C$17.39.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its earnings results on Thursday, August 1st. The company reported C$0.28 earnings per share for the quarter, beating the consensus estimate of C$0.27 by C$0.01. Equities research analysts forecast that MAG Silver will post 1.2235023 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.