Shares of MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $15.92 and traded as high as $16.12. MAG Silver shares last traded at $15.18, with a volume of 203,454 shares trading hands.
A number of research analysts have weighed in on MAG shares. National Bank Financial boosted their price objective on shares of MAG Silver from C$20.00 to C$20.50 and gave the company an “outperform” rating in a research report on Thursday, September 5th. Pi Financial boosted their target price on shares of MAG Silver from C$19.00 to C$19.50 in a research note on Wednesday, July 24th.
The stock has a market capitalization of $1.29 billion and a PE ratio of -277.59. The company has a quick ratio of 250.21, a current ratio of 251.72 and a debt-to-equity ratio of 0.26. The stock’s 50 day moving average price is C$15.92 and its 200-day moving average price is C$14.17.
MAG Silver Company Profile (TSE:MAG)
MAG Silver Corp. focuses on acquiring, exploring, and development of mineral properties in Canada. It explores for copper, gold, silver, lead, and zinc deposits. The company primarily holds interests in the Juanicipio property covering 7,679 hectares located in the Fresnillo District, Zacatecas State, Mexico.
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