MAG Silver Corp. (TSE:MAG) Given Consensus Recommendation of “Moderate Buy” by Brokerages
MAG Silver Corp. (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$19.81.
MAG has been the subject of a number of analyst reports. Raymond James boosted their price objective on shares of MAG Silver from C$19.50 to C$20.50 in a research report on Tuesday, April 23rd. TD Securities reduced their target price on MAG Silver from C$20.00 to C$18.00 and set a “buy” rating on the stock in a report on Wednesday, March 20th. BMO Capital Markets decreased their price target on shares of MAG Silver from C$21.50 to C$21.00 in a research report on Thursday, January 25th. National Bankshares lowered their target price on MAG Silver from C$21.75 to C$21.50 in a research note on Friday, April 19th. Finally, Stifel Nicolaus dropped their price target on shares of MAG Silver from C$20.50 to C$20.25 in a research note on Thursday, April 25th.
View Our Latest Report on MAG Silver
MAG Silver Stock Up 3.5 %
MAG Silver stock opened at C$17.57 on Wednesday. The company has a market cap of C$1.81 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 0.84 and a beta of 1.08. MAG Silver has a 1-year low of C$11.15 and a 1-year high of C$18.15. The stock’s 50 day moving average price is C$15.33 and its 200 day moving average price is C$14.08. 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 – Get Free Report) (NYSEAMERICAN:MAG) last released its quarterly earnings results on Tuesday, March 19th. The company reported C$0.19 EPS for the quarter, beating the consensus estimate of C$0.18 by C$0.01. On average, sell-side analysts predict that MAG Silver will post 0.7517762 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director George Nickolas Paspalas sold 11,634 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of C$15.85, for a total transaction of C$184,398.90. In other news, Senior Officer Michael John Curlook sold 18,779 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total value of C$317,552.89. Also, Director George Nickolas Paspalas sold 11,634 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$15.85, for a total transaction of C$184,398.90. Insiders have sold 106,704 shares of company stock valued at $1,752,125 over the last quarter. Insiders own 0.96% of the company’s stock.
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.
Further Reading
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