MAG Silver Corp. (TSE:MAG) Given Consensus Rating of “Moderate Buy” by Brokerages

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) has been given an average recommendation of “Moderate Buy” by the eight analysts that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$25.20.

A number of analysts have recently issued reports on the company. Raymond James increased their target price on MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Stifel Nicolaus increased their price objective on MAG Silver from C$25.00 to C$25.50 in a research note on Monday, November 25th. BMO Capital Markets raised their price objective on MAG Silver from C$24.00 to C$26.00 in a research report on Friday, October 25th. CIBC upped their target price on MAG Silver from C$25.00 to C$26.00 in a report on Monday, December 2nd. Finally, Roth Capital cut shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th.

MAG Silver Price Performance

TSE MAG opened at C$21.77 on Monday. The company has a current ratio of 28.03, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01. MAG Silver has a 1 year low of C$11.15 and a 1 year high of C$25.36. The company has a market cap of C$2.25 billion, a PE ratio of 27.56, a PEG ratio of 0.84 and a beta of 1.14. The stock’s 50-day moving average price is C$21.08 and its two-hundred day moving average price is C$19.96.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its quarterly earnings results on Tuesday, November 12th. The company reported C$0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.02. On average, analysts predict that MAG Silver will post 1.2235023 EPS for the current year.

Insider Buying and Selling

In related news, Director George Nickolas Paspalas sold 50,024 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of C$21.87, for a total value of C$1,094,099.92. 0.96% of the stock is currently owned by corporate insiders.

About MAG Silver

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.