MAG Silver (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG was downgraded by research analysts at Canaccord Genuity Group from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports.
Several other research firms also recently issued reports on MAG. Raymond James raised their price target on shares of MAG Silver from C$26.00 to C$27.00 in a research note on Tuesday, March 25th. TD Securities raised shares of MAG Silver to a "strong-buy" rating in a research note on Monday, March 10th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$26.09.
Get Our Latest Research Report on MAG Silver
MAG Silver Stock Up 6.5%
Shares of MAG opened at C$25.11 on Monday. MAG Silver has a 52 week low of C$15.64 and a 52 week high of C$26.60. The stock has a market capitalization of C$1.82 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 0.84 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 32.55. The stock has a fifty day moving average of C$21.66 and a 200-day moving average of C$21.79.
MAG Silver Company Profile
(
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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%).
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