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

Shares of MAG Silver Corp. (TSE:MAGGet Rating) (NYSEAMERICAN:MAG) have been assigned a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is C$24.50.

A number of equities analysts have commented on MAG shares. National Bankshares reduced their target price on MAG Silver from C$28.25 to C$23.50 and set an “outperform” rating for the company in a report on Thursday, July 21st. HC Wainwright reaffirmed a “buy” rating and issued a C$16.50 price target on shares of MAG Silver in a report on Thursday, July 28th. Stifel Nicolaus cut their price target on MAG Silver from C$30.50 to C$30.00 in a report on Wednesday, April 27th. TD Securities cut their price target on MAG Silver from C$31.00 to C$28.00 and set a “speculative buy” rating for the company in a report on Wednesday, May 18th. Finally, Raymond James lowered their price objective on MAG Silver from C$29.00 to C$26.00 and set an “outperform” rating for the company in a research report on Tuesday, July 19th.

MAG Silver Stock Down 2.1 %

MAG Silver stock opened at C$16.95 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 13.25 and a current ratio of 13.94. The business’s 50-day simple moving average is C$16.47 and its two-hundred day simple moving average is C$18.76. The company has a market cap of C$1.67 billion and a PE ratio of 89.21. MAG Silver has a fifty-two week low of C$13.60 and a fifty-two week high of C$26.94.

MAG Silver (TSE:MAGGet Rating) (NYSEAMERICAN:MAG) last issued its earnings results on Monday, May 16th. The company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.12 by C($0.08). Equities analysts anticipate that MAG Silver will post 1.49 EPS for the current year.

About MAG Silver

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MAG Silver Corp. engages in the exploration and development of precious metal mining properties. The company explores for silver, gold, lead, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. The company is headquartered in Vancouver, Canada.

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