Analysts Set MAG Silver Corp. (TSE:MAG) Target Price at C$19.44

Shares of MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) have earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$19.44.

A number of research analysts recently commented on the company. Stifel Nicolaus increased their target price on MAG Silver from C$19.50 to C$20.50 in a research note on Friday. BMO Capital Markets reduced their price objective on MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. Raymond James reduced their price objective on MAG Silver from C$21.00 to C$19.50 and set an “outperform” rating on the stock in a research note on Thursday, March 28th. National Bankshares reduced their price objective on MAG Silver from C$21.75 to C$21.50 in a research note on Friday. Finally, TD Securities reduced their price objective on MAG Silver from C$20.00 to C$18.00 and set a “buy” rating on the stock in a research note on Wednesday, March 20th.

Insiders Place Their Bets

In other MAG Silver news, Director George Nickolas Paspalas sold 11,634 shares of the firm’s 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. In other news, Senior Officer Peter Megaw sold 76,291 shares of MAG Silver stock in a transaction that occurred on 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. Also, Director George Nickolas Paspalas sold 11,634 shares of MAG Silver stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$15.85, for a total transaction of C$184,398.90. Insiders sold 106,704 shares of company stock worth $1,752,125 over the last three months. Company insiders own 0.47% of the company’s stock.

MAG Silver Trading Down 4.7 %

Shares of MAG stock opened at C$16.26 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 25.31 and a current ratio of 15.04. MAG Silver has a 52-week low of C$11.15 and a 52-week high of C$18.51. The company has a market capitalization of C$1.67 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 0.84 and a beta of 1.00. The business’s fifty day moving average is C$13.54 and its 200 day moving average is C$13.80.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its earnings results on Tuesday, March 19th. The company reported C$0.19 EPS for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.01. On average, equities research analysts anticipate that MAG Silver will post 0.5547739 EPS for the current fiscal 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.