Shares of MAG Silver Corp. (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) have earned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$19.88.
Several research firms have weighed in on MAG. Raymond James increased their target price on shares of MAG Silver from C$21.00 to C$21.50 in a report on Friday, January 12th. BMO Capital Markets dropped their target price on shares of MAG Silver from C$21.50 to C$21.00 in a report on Thursday, January 25th. Stifel Nicolaus lowered their target price on MAG Silver from C$20.00 to C$19.00 and set a “buy” rating for the company in a report on Wednesday, March 20th. Finally, TD Securities cut their target price on MAG Silver from C$20.00 to C$18.00 and set a “buy” rating on the stock in a research note on Wednesday, March 20th.
View Our Latest Research Report on MAG
MAG Silver Stock Up 0.2 %
Shares of TSE:MAG opened at C$12.53 on Tuesday. The company has a 50 day moving average of C$12.13 and a 200-day moving average of C$13.60. MAG Silver has a one year low of C$11.15 and a one year high of C$19.28. The stock has a market cap of C$1.29 billion, a price-to-earnings ratio of 29.83, a P/E/G ratio of 0.84 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 15.04 and a quick ratio of 25.31.
About MAG Silver
MAG Silver Corp. engages in the exploration and development of precious metal mining properties. The company explores for silver, gold, lead, copper, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp.
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