MAG Silver Corp. (TSE:MAG) Given Consensus Rating of “Moderate Buy” by Brokerages

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) has earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$19.44.

Several analysts recently commented on MAG shares. National Bankshares dropped their price target on MAG Silver from C$21.75 to C$21.50 in a research report on Friday. Stifel Nicolaus boosted their price target on MAG Silver from C$19.50 to C$20.50 in a research report on Friday. BMO Capital Markets dropped their price target on MAG Silver from C$21.50 to C$21.00 in a research report on Thursday, January 25th. TD Securities dropped their price target on MAG Silver from C$20.00 to C$18.00 and set a “buy” rating for the company in a research report on Wednesday, March 20th. Finally, Raymond James dropped their price target on MAG Silver from C$21.00 to C$19.50 and set an “outperform” rating for the company in a research report on Thursday, March 28th.

MAG Silver Stock Up 1.9 %

MAG Silver stock opened at C$17.07 on Friday. The stock has a market capitalization of C$1.76 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 0.84 and a beta of 1.00. MAG Silver has a 12 month low of C$11.15 and a 12 month high of C$18.51. The business has a 50 day simple moving average of C$13.46 and a 200-day simple moving average of C$13.78. The company has a debt-to-equity ratio of 0.03, a current ratio of 15.04 and a quick ratio of 25.31.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its quarterly earnings data on Tuesday, March 19th. The company reported C$0.19 EPS for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.01. On average, analysts anticipate that MAG Silver will post 0.5547739 EPS for the current fiscal year.

Insiders Place Their Bets

In other MAG Silver news, Senior Officer Peter Megaw sold 76,291 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of C$16.39, for a total transaction of C$1,250,172.99. In other news, Senior Officer Michael John Curlook sold 18,779 shares of the company’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of C$16.91, for a total value of C$317,552.89. Also, Senior Officer Peter Megaw sold 76,291 shares of the company’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of C$16.39, for a total value of C$1,250,172.99. Over the last 90 days, insiders have sold 106,704 shares of company stock valued at $1,752,125. Insiders own 0.47% of the company’s stock.

MAG Silver Company Profile

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.