MAG Silver Corp. (TSE:MAG) Receives C$25.20 Average Price Target from Analysts

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) has earned an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$25.20.

A number of analysts have issued reports on the company. Panmure Gordon raised their target price on MAG Silver from C$26.40 to C$27.10 in a report on Friday, November 22nd. CIBC raised their price objective on shares of MAG Silver from C$25.00 to C$26.00 in a research note on Monday, December 2nd. BMO Capital Markets upped their target price on shares of MAG Silver from C$24.00 to C$26.00 in a research note on Friday, October 25th. TD Securities raised their price target on shares of MAG Silver from C$22.00 to C$25.00 in a research report on Friday, October 18th. Finally, Raymond James upped their price objective on shares of MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th.

MAG Silver Price Performance

TSE MAG opened at C$21.77 on Monday. MAG Silver has a 1 year low of C$11.15 and a 1 year high of C$25.36. The company has a fifty day simple moving average of C$21.08 and a 200 day simple moving average of C$19.96. The company has a current ratio of 28.03, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01. The company has a market cap of C$2.25 billion, a P/E ratio of 27.56, a P/E/G ratio of 0.84 and a beta of 1.14.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its quarterly earnings results on Tuesday, November 12th. The company reported C$0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.02. On average, sell-side analysts predict that MAG Silver will post 1.2235023 EPS for the current year.

Insider Buying and Selling

In related news, Director George Nickolas Paspalas sold 50,024 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of C$21.87, for a total transaction of C$1,094,099.92. Company insiders own 0.96% of the company’s stock.

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.