Shares of MAG Silver (TSE:MAG) up 7.3%

MAG Silver Corp. stock price (TSE:MAG – Get Rating) (NYSEAMERICAN:MAG) surged 7.3% during Thursday afternoon trade. The company traded as low as C$17.28 and last traded at C$17.19. During the session, 89,687 shares were traded, down 60% from the average session volume of 225,593 shares. The stock had previously closed at CAD$16.02.

Wall Street analysts forecast growth

A number of research companies have recently published reports on MAG. HC Wainwright reiterated a “buy” rating and price target of CAD$16.50 on shares of MAG Silver in a report on Thursday. Stifel Nicolaus lowered his price target on MAG Silver from C$30.50 to C$30.00 in a report on Wednesday, April 27th. Raymond James cut its target price on MAG Silver to $26.00 from $29.00 and gave the stock a “Outperform” rating in a report on Tuesday, July 10th. National Bankshares lowered its target price on MAG Silver to $23.50 from $28.25 and gave the stock a “Outperform” rating in a report on Thursday, July 21. Finally, TD Securities lowered its price target on MAG Silver to $28.00 from $31.00 and rated the stock a “speculative buy” in a research note on Wednesday, May 18. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, MAG Silver currently has an average rating of “Moderate Buy” and an average target price of $25.44.

MAG Silver value for money

The company has a debt to equity ratio of 0.10, a quick ratio of 13.25 and a current ratio of 13.94. The stock has a 50-day moving average of $16.55 and a two-hundred-day moving average of $18.80. The stock has a market cap of CA$1.76 billion and a P/E of 99.17.

MAG Silver (TSE:MAG – Get Rating) (NYSEAMERICAN:MAG) last announced its earnings results on Monday, May 16th. The company reported earnings per share of C$0.04 for the quarter, beating the consensus estimate of C$0.12 from C($0.08). Equity analysts assume that MAG Silver Corp. will post 1.4400001 EPS for the current year.

About MAG Silver

(get rating)

MAG Silver Corp. is engaged in the exploration and development of precious metals mining properties. The company is prospecting for silver, gold, lead and zinc deposits. It primarily holds a 44% interest in the Juanicipio Project in the Fresnillo District of Zacatecas State, Mexico. The company is headquartered in Vancouver, Canada.

Continue reading

Receive News & Reviews for MAG Silver Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MAG Silver and related companies with’s FREE daily email newsletter.

Comments are closed.