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

Shares of MAG Silver Corp. (TSE:MAGGet 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 (TSE:MAGGet Rating) (NYSEAMERICAN:MAG) last announced its quarterly earnings data on Monday, August 15th. The company reported C$0.10 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.07 by C$0.03. Equities analysts expect that MAG Silver will post 1.51 EPS for the current fiscal year.

MAG Silver Company Profile

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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.

Further Reading

Analyst Recommendations for MAG Silver (TSE:MAG)

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