MAG Silver (TSE:MAG) Hits New 1-Year High – Should You Buy?

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) hit a new 52-week high on Wednesday . The stock traded as high as C$22.22 and last traded at C$21.68, with a volume of 78232 shares changing hands. The stock had previously closed at C$21.71.

Analyst Ratings Changes

A number of analysts recently issued reports on MAG shares. TD Securities lifted their target price on MAG Silver from C$21.00 to C$22.00 in a research report on Monday, July 22nd. Stifel Nicolaus increased their price objective on MAG Silver from C$21.25 to C$21.50 in a report on Tuesday, August 6th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$21.17.

MAG Silver Price Performance

The company has a market capitalization of C$2.22 billion, a P/E ratio of 27.48, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The company’s 50-day moving average price is C$18.54 and its two-hundred day moving average price is C$17.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 28.03 and a quick ratio of 25.31.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.27 by C$0.01. As a group, sell-side analysts expect that MAG Silver Corp. will post 1.2235023 EPS for the current 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.