MAG Silver Corp. (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$12.19 and traded as high as C$12.87. MAG Silver shares last traded at C$12.44, with a volume of 163,205 shares traded.
Wall Street Analyst Weigh In
MAG has been the subject of several recent analyst reports. Raymond James boosted their price objective on shares of MAG Silver from C$21.00 to C$21.50 in a research note on Friday, January 12th. Stifel Nicolaus reduced their price target on shares of MAG Silver from C$23.00 to C$20.00 in a research report on Friday, January 26th. Finally, BMO Capital Markets lowered their price objective on MAG Silver from C$21.50 to C$21.00 in a research report on Thursday, January 25th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, MAG Silver currently has an average rating of “Moderate Buy” and a consensus target price of C$20.38.
Get Our Latest Stock Analysis on MAG Silver
MAG Silver Stock Performance
The business has a fifty day moving average of C$12.19 and a 200-day moving average of C$13.67. The company has a market cap of C$1.28 billion, a PE ratio of 29.62, a P/E/G ratio of 0.84 and a beta of 1.00. The company has a current ratio of 10.53, a quick ratio of 25.31 and a debt-to-equity ratio of 0.03.
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.
Further Reading
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