MAG Silver (TSE:MAG) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG)’s stock price 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.

Analysts Set New Price Targets

Separately, Cormark increased their target price on MAG Silver from C$25.10 to C$31.70 in a report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of C$28.57.

MAG Silver Price Performance

The stock has a market cap of C$3.56 billion, a PE ratio of 34.73, a price-to-earnings-growth ratio of 0.84 and a beta of 1.12. The stock’s fifty day moving average is C$34.38 and its 200-day moving average is C$31.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 32.55 and a quick ratio of 25.31.

About MAG Silver

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%).