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

Shares of MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) have been assigned a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$20.94.

A number of research analysts have weighed in on MAG shares. Ventum Cap Mkts lowered shares of MAG Silver from a “buy” rating to a “neutral” rating in a research report on Friday, May 3rd. National Bankshares upped their price objective on shares of MAG Silver from C$21.00 to C$24.00 and gave the company an “outperform” rating in a research report on Wednesday, May 29th. Raymond James upped their price objective on shares of MAG Silver from C$19.50 to C$20.50 in a research report on Tuesday, April 23rd. CIBC upped their price objective on shares of MAG Silver from C$17.50 to C$22.00 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. Finally, Canaccord Genuity Group upped their target price on shares of MAG Silver from C$20.00 to C$22.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd.

Insiders Place Their Bets

In other MAG Silver news, Senior Officer Marc Justin Turcotte sold 4,208 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of C$17.22, for a total transaction of C$72,446.61. Insiders own 0.96% of the company’s stock.

MAG Silver Trading Up 7.0 %

MAG Silver stock opened at C$18.07 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 25.31 and a current ratio of 14.66. The firm has a market cap of C$1.86 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 0.84 and a beta of 1.03. MAG Silver has a 1 year low of C$11.15 and a 1 year high of C$19.30. The firm’s 50 day moving average price is C$17.41 and its two-hundred day moving average price is C$14.90.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its quarterly earnings data on Tuesday, May 14th. The company reported C$0.19 EPS for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.05. On average, research analysts predict that MAG Silver will post 0.697861 EPS for the current fiscal year.

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.