Brokerages Set MAG Silver Corp. (TSE:MAG) Price Target at C$25.45

Shares of MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) have received an average rating of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$25.45.

Several analysts have recently weighed in on MAG shares. Panmure Gordon boosted their price objective on shares of MAG Silver from C$26.40 to C$27.10 in a research report on Friday, November 22nd. Raymond James upped their price target on shares of MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. BMO Capital Markets upped their price target on shares of MAG Silver from C$24.00 to C$26.00 in a research report on Friday, October 25th. Roth Capital downgraded shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, CIBC upped their price target on shares of MAG Silver from C$25.00 to C$26.00 in a research report on Monday, December 2nd.

Insider Buying and Selling at MAG Silver

In other MAG Silver 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 value of C$1,094,099.92. 0.96% of the stock is currently owned by corporate insiders.

MAG Silver Stock Up 1.2 %

Shares of TSE:MAG opened at C$23.49 on Friday. The company has a market capitalization of C$1.70 billion, a PE ratio of 22.82, a P/E/G 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. MAG Silver has a twelve month low of C$11.15 and a twelve month high of C$25.36. The firm has a 50 day simple moving average of C$21.47 and a 200-day simple moving average of C$20.56.

About MAG Silver

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%).