MAG Silver (TSE:MAG) Given New C$27.00 Price Target at TD Securities

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price objective increased by TD Securities from C$26.00 to C$27.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

MAG has been the topic of several other reports. CIBC increased their price target on shares of MAG Silver from C$25.00 to C$26.00 in a research report on Monday, December 2nd. BMO Capital Markets boosted their price objective on MAG Silver from C$24.00 to C$26.00 in a research note on Friday, October 25th. Panmure Gordon increased their price objective on shares of MAG Silver from C$26.40 to C$27.10 in a research note on Friday, November 22nd. Roth Capital cut shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Raymond James increased 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 report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, MAG Silver currently has an average rating of “Moderate Buy” and a consensus target price of C$25.45.

MAG Silver Stock Performance

Shares of MAG opened at C$23.55 on Thursday. The firm has a market capitalization of C$2.43 billion, a P/E ratio of 29.81, a PEG ratio of 0.84 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 28.03 and a quick ratio of 25.31. MAG Silver has a one year low of C$11.15 and a one year high of C$25.36. The business has a fifty day moving average of C$21.05 and a 200 day moving average of C$20.09.

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. As a group, sell-side analysts anticipate that MAG Silver will post 1.2235023 EPS for the current year.

Insider Buying and Selling

In other news, Director George Nickolas Paspalas sold 50,024 shares of the business’s stock in a transaction on 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. 0.96% of the stock is owned by corporate insiders.

MAG Silver Company Profile

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.