MAG Silver (TSE:MAG) Stock Crosses Above 50 Day Moving Average – What’s Next?

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$34.38 and traded as high as C$34.98. MAG Silver shares last traded at C$34.38, with a volume of 146,911 shares traded.

Analysts Set New Price Targets

Separately, Cormark upped their price objective on shares of MAG Silver from C$25.10 to C$31.70 in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of C$28.57.

MAG Silver Stock Up 2.9%

The company has a quick ratio of 25.31, a current ratio of 32.55 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of C$34.38 and a 200-day simple moving average of C$31.70. The company has a market cap of C$3.56 billion, a PE ratio of 34.73, a P/E/G ratio of 0.84 and a beta of 1.12.

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%).