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

Shares of MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is C$25.45.

A number of equities analysts have issued reports on the company. Stifel Nicolaus increased their price target on MAG Silver from C$25.00 to C$25.50 in a report on Monday, November 25th. Panmure Gordon increased their target price on shares of MAG Silver from C$26.40 to C$27.10 in a research note on Friday, November 22nd. BMO Capital Markets lifted their price target on shares of MAG Silver from C$24.00 to C$26.00 in a research note on Friday, October 25th. CIBC increased their price objective on shares of MAG Silver from C$25.00 to C$26.00 in a research report on Monday, December 2nd. Finally, Raymond James boosted their target price on MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th.

MAG Silver Stock Up 2.9 %

Shares of MAG Silver stock opened at C$23.99 on Friday. The stock’s 50-day moving average is C$21.55 and its 200 day moving average is C$20.67. MAG Silver has a one year low of C$11.15 and a one year high of C$25.36. The firm has a market cap of C$1.74 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 0.84 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 32.55 and a quick ratio of 25.31.

Insider Buying and Selling at MAG Silver

In other news, Director George Nickolas Paspalas sold 50,024 shares of the stock in a transaction dated 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. Company insiders own 0.96% of the company’s stock.

MAG Silver Company Profile

MAG Silver Corp is a Canadian mining company. It is focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district-scale, silver-dominant projects in the Americas. Its principal focus and asset are the Juanicipio Project (44%), being developed in a JV partnership with Fresnillo Plc (56%).