MAG Silver (TSE:MAG – Free Report) (NYSEAMERICAN:MAG) had its price objective increased by Stifel Nicolaus from C$21.25 to C$21.50 in a research report report published on Tuesday, BayStreet.CA reports.
A number of other equities analysts have also recently weighed in on MAG. Canaccord Genuity Group raised their price objective on MAG Silver from C$20.00 to C$22.00 and gave the company a buy rating in a report on Tuesday, April 23rd. Raymond James lifted their price target on shares of MAG Silver from C$19.50 to C$20.50 in a research note on Tuesday, April 23rd. Ventum Cap Mkts cut shares of MAG Silver from a buy rating to a neutral rating in a research note on Friday, May 3rd. National Bankshares lifted their target price on shares of MAG Silver from C$21.00 to C$24.00 and gave the stock an outperform rating in a research report on Wednesday, May 29th. Finally, TD Securities boosted their price target on shares of MAG Silver from C$21.00 to C$22.00 in a research note on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of C$21.17.
Check Out Our Latest Stock Analysis on MAG
MAG Silver Price Performance
Shares of TSE:MAG opened at C$16.77 on Tuesday. The company’s fifty day moving average price is C$17.56 and its 200-day moving average price is C$15.53. The company has a debt-to-equity ratio of 0.02, a current ratio of 14.66 and a quick ratio of 25.31. The firm has a market capitalization of C$1.73 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 0.84 and a beta of 1.03. MAG Silver has a one year low of C$11.15 and a one year high of C$19.65.
MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) last announced its earnings results on Tuesday, May 14th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.14 by C$0.05. On average, equities research analysts anticipate that MAG Silver will post 0.697861 earnings per share for the current fiscal year.
Insider Transactions at MAG Silver
In related news, Senior Officer Marc Justin Turcotte sold 4,208 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of C$17.22, for a total transaction of C$72,446.61. 0.96% of the stock is currently owned by company insiders.
About MAG Silver
MAG Silver Corp. develops and explores for precious metal properties in Canada. It explores for silver, gold, lead, copper, and zinc deposits. The company’s flagship property is the 44% owned Juanicipio property located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp. is headquartered in Vancouver, Canada.
Further Reading
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.
