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

Shares of MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) have been given a consensus rating of “Moderate Buy” by the six research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$19.44.

Several brokerages recently issued reports on MAG. National Bankshares decreased their price target on shares of MAG Silver from C$21.75 to C$21.50 in a report on Friday. BMO Capital Markets decreased their price target on shares of MAG Silver from C$21.50 to C$21.00 in a report on Thursday, January 25th. Stifel Nicolaus lifted their price target on shares of MAG Silver from C$19.50 to C$20.50 in a report on Friday. TD Securities decreased their price target on shares of 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. Finally, Raymond James decreased their price target on shares of MAG Silver from C$21.00 to C$19.50 and set an “outperform” rating on the stock in a report on Thursday, March 28th.

Insider Buying and Selling

In other news, Senior Officer Michael John Curlook sold 18,779 shares of the business’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. In other news, Director George Nickolas Paspalas sold 11,634 shares of the business’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 value of C$184,398.90. Also, Senior Officer Michael John Curlook sold 18,779 shares of the business’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total transaction of C$317,552.89. Insiders have sold a total of 106,704 shares of company stock worth $1,752,125 in the last ninety days. Company insiders own 0.47% of the company’s stock.

MAG Silver Price Performance

MAG stock opened at C$17.07 on Friday. The company has a quick ratio of 25.31, a current ratio of 15.04 and a debt-to-equity ratio of 0.03. MAG Silver has a 12 month low of C$11.15 and a 12 month high of C$18.51. The firm has a market cap of C$1.76 billion, a P/E ratio of 26.67, a P/E/G ratio of 0.84 and a beta of 1.00. The company’s 50-day moving average price is C$13.46 and its two-hundred day moving average price is C$13.78.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its 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, analysts anticipate that MAG Silver will post 0.5547739 earnings per share for the current fiscal year.

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.