MAG Silver (TSE:MAG) Shares Pass Above Fifty Day Moving Average of $18.24

MAG Silver Corp. (TSE:MAGGet Rating) (NYSEAMERICAN:MAG)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$18.24 and traded as high as C$21.39. MAG Silver shares last traded at C$21.26, with a volume of 104,790 shares.

Analyst Ratings Changes

MAG has been the subject of a number of analyst reports. Roth Capital reissued a “buy” rating and issued a C$24.00 price objective on shares of MAG Silver in a report on Thursday, November 17th. Cormark dropped their price objective on shares of MAG Silver from C$24.00 to C$23.00 in a report on Tuesday, November 15th. HC Wainwright reissued a “buy” rating and issued a C$16.50 price objective on shares of MAG Silver in a report on Thursday, July 28th. TD Securities upped their price objective on shares of MAG Silver from C$24.00 to C$28.00 and gave the company a “speculative buy” rating in a report on Tuesday, November 15th. Finally, Stifel Nicolaus dropped their price objective on shares of MAG Silver from C$28.75 to C$28.25 in a report on Tuesday, November 15th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$23.98.

MAG Silver Price Performance

The stock’s 50 day moving average is C$18.24 and its two-hundred day moving average is C$17.26. The company has a debt-to-equity ratio of 0.07, a current ratio of 26.20 and a quick ratio of 25.31. The stock has a market capitalization of C$2.10 billion and a PE ratio of 57.46.

Insider Buying and Selling

In other MAG Silver news, Director George Nickolas Paspalas sold 15,250 shares of the stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of C$16.43, for a total value of C$250,552.93. Following the transaction, the director now directly owns 180,000 shares in the company, valued at C$2,957,346.

MAG Silver Company Profile

(Get Rating)

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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