MAG Silver (TSE:MAG) Lowered to Hold Rating by Canaccord Genuity Group

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) was downgraded by investment analysts at Canaccord Genuity Group from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Raymond James upped their price target on shares of MAG Silver from C$26.00 to C$27.00 in a report on Tuesday, March 25th. TD Securities raised MAG Silver to a “strong-buy” rating in a report on Monday, March 10th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, MAG Silver currently has an average rating of “Moderate Buy” and an average target price of C$26.09.

MAG Silver Trading Down 0.1%

TSE:MAG opened at C$25.08 on Monday. MAG Silver has a 1 year low of C$15.64 and a 1 year high of C$26.60. The stock’s fifty day moving average price is C$21.73 and its two-hundred day moving average price is C$21.80. The company has a debt-to-equity ratio of 0.01, a current ratio of 32.55 and a quick ratio of 25.31. The company has a market cap of C$1.82 billion, a P/E ratio of 24.37, a P/E/G ratio of 0.84 and a beta of 1.14.

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%).