Brokerages Set MAG Silver Corp. (TSE:MAG) Price Target at C$21.17

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) has been assigned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat.com 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 price objective among brokerages that have covered the stock in the last year is C$21.17.

Several research analysts have recently issued reports on MAG shares. Stifel Nicolaus raised their price objective on MAG Silver from C$21.25 to C$21.50 in a research note on Tuesday, August 6th. National Bankshares raised their price target on shares of MAG Silver from C$21.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 29th. Finally, TD Securities upped their price objective on shares of MAG Silver from C$21.00 to C$22.00 in a report on Monday, July 22nd.

MAG Silver Trading Down 1.3 %

Shares of MAG Silver stock opened at C$19.24 on Tuesday. The firm’s 50 day simple moving average is C$17.94 and its two-hundred day simple moving average is C$16.81. The firm has a market capitalization of C$1.99 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 0.84 and a beta of 1.14. MAG Silver has a 12-month low of C$11.15 and a 12-month high of C$20.06. 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 (TSE:MAG) (NYSEAMERICAN:MAG) last released its earnings results on Thursday, August 1st. The company reported C$0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.27 by C$0.01. Analysts predict that MAG Silver will post 1.2205607 EPS for the current 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.