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

Shares of MAG Silver Corp. (TSE:MAGGet Free Report) (NYSEAMERICAN:MAG) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$21.17.

Several brokerages have recently issued reports on MAG. Stifel Nicolaus lifted their price target on MAG Silver from C$21.25 to C$21.50 in a research report on Tuesday, August 6th. TD Securities raised their target price on MAG Silver from C$21.00 to C$22.00 in a research note on Monday, July 22nd.

View Our Latest Stock Report on MAG Silver

MAG Silver Stock Performance

MAG stock opened at C$21.24 on Friday. MAG Silver has a 1 year low of C$11.15 and a 1 year high of C$22.00. The stock has a market capitalization of C$2.19 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 0.84 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 28.03. The stock’s fifty day moving average is C$18.37 and its two-hundred day moving average is C$17.39.

MAG Silver (TSE:MAGGet Free Report) (NYSEAMERICAN:MAG) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.27 by C$0.01. On average, research analysts predict that MAG Silver will post 1.2235023 EPS for the current year.

About MAG Silver

(Get Free Report

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.

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Analyst Recommendations for MAG Silver (TSE:MAG)

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