MAG Silver Corp. (TSE:MAG) Receives C$21.06 Consensus Target Price from Analysts

Shares of MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) have been given an average recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$21.06.

Several equities analysts have weighed in on the stock. CIBC lifted their price objective on shares of MAG Silver from C$17.50 to C$22.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. Raymond James lifted their price objective on shares of MAG Silver from C$19.50 to C$20.50 in a research report on Tuesday, April 23rd. TD Securities lifted their price objective on shares of MAG Silver from C$21.00 to C$22.00 in a research report on Monday, July 22nd. National Bankshares boosted their price target on shares of MAG Silver from C$21.00 to C$24.00 and gave the company an “outperform” rating in a report on Wednesday, May 29th. Finally, Canaccord Genuity Group boosted their price target on shares of MAG Silver from C$20.00 to C$22.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd.

Insider Activity at MAG Silver

In related news, Senior Officer Marc Justin Turcotte sold 4,208 shares of MAG Silver stock in a transaction on Monday, June 10th. The shares were sold at an average price of C$17.22, for a total value of C$72,446.61. 0.96% of the stock is owned by company insiders.

MAG Silver Trading Down 3.9 %

TSE MAG opened at C$17.57 on Monday. MAG Silver has a twelve month low of C$11.15 and a twelve month high of C$19.65. The company has a debt-to-equity ratio of 0.02, a quick ratio of 25.31 and a current ratio of 14.66. The stock has a market cap of C$1.81 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 0.84 and a beta of 1.03. The firm’s 50 day moving average price is C$17.58 and its two-hundred day moving average price is C$15.46.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its quarterly earnings data on Tuesday, May 14th. The company reported C$0.19 earnings per share for the quarter, topping the consensus estimate of C$0.14 by C$0.05. Equities analysts anticipate that MAG Silver will post 0.697861 EPS for the current year.

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.