MAG Silver (TSE:MAG) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) announced its quarterly earnings data on Tuesday. The company reported C$0.30 EPS for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.02, reports.

MAG Silver Trading Up 3.0 %

Shares of MAG opened at C$21.34 on Friday. The stock has a fifty day moving average price of C$20.76 and a two-hundred day moving average price of C$18.69. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 28.03. MAG Silver has a 52-week low of C$11.15 and a 52-week high of C$25.36. The company has a market cap of C$2.20 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 0.84 and a beta of 1.14.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Roth Capital cut MAG Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. BMO Capital Markets raised their target price on MAG Silver from C$24.00 to C$26.00 in a research report on Friday, October 25th. CIBC increased their price objective on shares of MAG Silver from C$24.00 to C$25.00 in a research note on Wednesday. Raymond James lifted their target price on shares of MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, TD Securities increased their price target on shares of MAG Silver from C$22.00 to C$25.00 in a research report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, MAG Silver currently has an average rating of “Moderate Buy” and a consensus target price of C$24.71.

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.