TD Securities Downgrades MAG Silver (TSE:MAG) to Strong Sell

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) was downgraded by investment analysts at TD Securities from a “strong-buy” rating to a “strong sell” rating in a report released on Thursday,Zacks.com reports.

A number of other equities analysts also recently commented on MAG. Canaccord Genuity Group downgraded MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 12th. Raymond James increased their target price on MAG Silver from C$26.00 to C$27.00 in a report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, MAG Silver has an average rating of “Hold” and an average price target of C$26.09.

MAG Silver Price Performance

Shares of TSE:MAG opened at C$25.61 on Thursday. The firm has a market cap of C$1.86 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The company has a fifty day simple moving average of C$22.16 and a 200 day simple moving average of C$21.89. The company has a current ratio of 32.55, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01. MAG Silver has a 12-month low of C$15.64 and a 12-month high of C$26.60.

MAG Silver Company Profile

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%).