MAG Silver Corp. (TSE:MAG) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) have earned an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$19.83.

Several brokerages have recently commented on MAG. Raymond James raised their price objective on shares of MAG Silver from C$19.50 to C$20.50 in a research report on Tuesday. TD Securities reduced their price objective on shares of MAG Silver from C$20.00 to C$18.00 and set a “buy” rating for the company in a research report on Wednesday, March 20th. National Bankshares reduced their price target on shares of MAG Silver from C$21.75 to C$21.50 in a research report on Friday, April 19th. Stifel Nicolaus lifted their price target on shares of MAG Silver from C$19.50 to C$20.50 in a research report on Friday, April 19th. Finally, BMO Capital Markets reduced their price target on shares of MAG Silver from C$21.50 to C$21.00 in a research report on Thursday, January 25th.

MAG Silver Stock Performance

TSE MAG opened at C$16.55 on Friday. The company has a current ratio of 15.04, a quick ratio of 25.31 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average price is C$13.75 and its two-hundred day moving average price is C$13.84. MAG Silver has a 1 year low of C$11.15 and a 1 year high of C$18.51. The firm has a market capitalization of C$1.70 billion, a P/E ratio of 25.86, a price-to-earnings-growth ratio of 0.84 and a beta of 1.00.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued its quarterly earnings data on Tuesday, March 19th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.01. As a group, research analysts anticipate that MAG Silver will post 0.5547739 EPS for the current year.

Insider Buying and Selling at MAG Silver

In other MAG Silver news, Senior Officer Peter Megaw sold 76,291 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of C$16.39, for a total transaction of C$1,250,172.99. In other news, Director George Nickolas Paspalas sold 11,634 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of C$15.85, for a total value of C$184,398.90. Also, Senior Officer Peter Megaw sold 76,291 shares of the stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of C$16.39, for a total transaction of C$1,250,172.99. Insiders have sold a total of 106,704 shares of company stock valued at $1,752,125 over the last three months. 0.47% of the stock is currently owned by insiders.

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.