MAG Silver (TSE:MAG) Upgraded at TD Securities

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) was upgraded by equities researchers at TD Securities to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Several other brokerages have also issued reports on MAG. Panmure Gordon boosted their price target on shares of MAG Silver from C$26.40 to C$27.10 in a report on Friday, November 22nd. CIBC boosted their price target on shares of MAG Silver from C$25.00 to C$26.00 in a report on Monday, December 2nd. Finally, Stifel Nicolaus boosted their price target on shares of MAG Silver from C$25.00 to C$25.50 in a report on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, MAG Silver has an average rating of “Moderate Buy” and a consensus target price of C$25.45.

MAG Silver Trading Up 7.3 %

Shares of MAG stock opened at C$21.95 on Monday. MAG Silver has a 1 year low of C$12.12 and a 1 year high of C$25.36. The firm’s fifty day simple moving average is C$21.97 and its 200 day simple moving average is C$21.06. The firm has a market capitalization of C$1.59 billion, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The company has a current ratio of 32.55, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01.

Insider Transactions at MAG Silver

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

MAG Silver Company Profile

MAG Silver Corp is a Canadian mining company. It is focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district-scale, silver-dominant projects in the Americas. Its principal focus and asset are the Juanicipio Project (44%), being developed in a JV partnership with Fresnillo Plc (56%).