Brokerages Set MAG Silver Corp. (TSE:MAG) Target Price at C$21.17

Shares of MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$21.17.

A number of brokerages recently commented on MAG. Stifel Nicolaus raised their price objective on shares of MAG Silver from C$21.25 to C$21.50 in a report on Tuesday, August 6th. TD Securities raised their price objective on shares of MAG Silver from C$21.00 to C$22.00 in a report on Monday, July 22nd. Finally, National Bankshares raised their price objective on shares of MAG Silver from C$21.00 to C$24.00 and gave the stock an “outperform” rating in a report on Wednesday, May 29th.

MAG Silver Trading Up 1.7 %

Shares of TSE MAG opened at C$19.50 on Tuesday. The company’s fifty day moving average is C$17.92 and its 200-day moving average is C$16.79. The stock has a market cap of C$2.01 billion, a price-to-earnings ratio of 24.68, a P/E/G ratio of 0.84 and a beta of 1.14. MAG Silver has a twelve month low of C$11.15 and a twelve month high of C$20.06. The company has a quick ratio of 25.31, a current ratio of 28.03 and a debt-to-equity ratio of 0.01.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.28 EPS for the quarter, topping analysts’ consensus estimates of C$0.27 by C$0.01. Equities research analysts predict that MAG Silver will post 1.2205607 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.