Brokerages Set MAG Silver Corp. (TSE:MAG) Price Target at C$25.20

Shares of MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$25.20.

MAG has been the topic of several research analyst reports. CIBC increased their price objective on MAG Silver from C$25.00 to C$26.00 in a research note on Monday, December 2nd. Panmure Gordon increased their price target on MAG Silver from C$26.40 to C$27.10 in a research report on Friday, November 22nd. Roth Capital downgraded MAG Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. BMO Capital Markets increased their target price on shares of MAG Silver from C$24.00 to C$26.00 in a report on Friday, October 25th. Finally, TD Securities boosted their price target on shares of MAG Silver from C$22.00 to C$25.00 in a report on Friday, October 18th.

Insiders Place Their Bets

In other news, Director George Nickolas Paspalas sold 50,024 shares of the stock in a transaction 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 currently owned by corporate insiders.

MAG Silver Stock Down 0.7 %

Shares of MAG opened at C$19.92 on Thursday. The firm has a market capitalization of C$2.06 billion, a P/E ratio of 25.22, a P/E/G ratio of 0.84 and a beta of 1.14. MAG Silver has a 12-month low of C$11.15 and a 12-month high of C$25.36. The firm has a fifty day moving average price of C$22.00 and a 200-day moving average price of C$19.43. 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:MAG) (NYSEAMERICAN:MAG) last issued its earnings results on Tuesday, November 12th. The company reported C$0.30 EPS for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.02. Equities research analysts expect that MAG Silver will post 1.2235023 earnings per share 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.