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

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) has earned an average rating of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$21.17.

A number of research analysts recently commented on the stock. Stifel Nicolaus increased their price target on shares of MAG Silver from C$21.25 to C$21.50 in a report on Tuesday, August 6th. TD Securities raised their price objective on MAG Silver from C$21.00 to C$22.00 in a research note on Monday, July 22nd.

MAG Silver Stock Down 0.9 %

TSE MAG opened at C$21.51 on Friday. The stock has a 50 day moving average price of C$18.62 and a 200-day moving average price of C$17.67. MAG Silver has a one year low of C$11.15 and a one year high of C$22.22. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 28.03. The company has a market capitalization of C$2.22 billion, a P/E ratio of 27.23, a P/E/G ratio of 0.84 and a beta of 1.14.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its quarterly earnings data on Thursday, August 1st. The company reported C$0.28 EPS for the quarter, beating the consensus estimate of C$0.27 by C$0.01. As a group, equities analysts predict that MAG Silver will post 1.2235023 EPS 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.