Shares of MAG Silver Corp. (TSE:MAG – Get Rating) (NYSEAMERICAN:MAG) have been assigned an average rating of “Moderate Buy” from the nine analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$24.32.
MAG has been the subject of a number of recent research reports. Stifel Nicolaus lowered their price objective on shares of MAG Silver from C$29.75 to C$28.75 in a research report on Friday, August 19th. Raymond James lowered their price objective on shares of 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. HC Wainwright reaffirmed a “buy” rating and set a C$16.50 price objective on shares of MAG Silver in a research report on Thursday, July 28th. Finally, National Bankshares lowered their price objective on shares of MAG Silver from C$28.25 to C$23.50 and set an “outperform” rating for the company in a research report on Thursday, July 21st.
MAG Silver Price Performance
MAG opened at C$16.48 on Friday. The company has a 50-day moving average of C$16.47 and a 200-day moving average of C$18.02. The company has a market capitalization of C$1.63 billion and a P/E ratio of 78.48. MAG Silver has a 1-year low of C$13.60 and a 1-year high of C$26.94. The company has a debt-to-equity ratio of 0.09, a quick ratio of 28.86 and a current ratio of 30.10.
MAG Silver Company Profile
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.
- The Institutions Hold On To Darden Restaurants International
- What Steelcase’s Earnings Say About the Return to the Office?
- These 3 Big Dividend Payers Also Boast Strong Price Growth
- Is The Golden Age Of Homebuilding Already Over?
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
Receive News & Ratings for MAG Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MAG Silver and related companies with MarketBeat.com's FREE daily email newsletter.