MAG Silver Corp. (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.81 and traded as low as C$12.16. MAG Silver shares last traded at C$12.17, with a volume of 207,229 shares traded.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on MAG shares. Raymond James boosted their price target on MAG Silver from C$21.00 to C$21.50 in a research report on Friday, January 12th. BMO Capital Markets lowered their price target on MAG Silver from C$21.50 to C$21.00 in a research report on Thursday, January 25th. Stifel Nicolaus lowered their price target on MAG Silver from C$23.00 to C$20.00 in a research report on Friday, January 26th. TD Securities decreased their target price on MAG Silver from C$24.00 to C$21.00 and set a “buy” rating on the stock in a research report on Monday, November 13th. Finally, Cormark decreased their target price on MAG Silver from C$24.00 to C$20.00 in a research report on Monday, November 13th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, MAG Silver currently has an average rating of “Moderate Buy” and an average price target of C$20.38.
View Our Latest Stock Report on MAG
MAG Silver Trading Down 1.1 %
The firm has a 50 day moving average of C$12.31 and a 200-day moving average of C$13.81. The company has a quick ratio of 25.31, a current ratio of 10.53 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of C$1.25 billion, a P/E ratio of 28.98, a PEG ratio of 0.84 and a beta of 1.02.
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, 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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