MAG Silver - MAG Stock Forecast, Price & News

MAG Silver Corp. engages in the exploration and development of precious metal mining properties. The company explores for silver, gold, lead, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. The company is headquartered in Vancouver, Canada.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Stifel Nicolaus cut their price objective on shares of MAG Silver from C$30.50 to C$30.00 in a research report on Wednesday, April 27th. National Bankshares dropped their target price on shares of MAG Silver from C$28.25 to C$23.50 and set an "outperform" rating on the stock in a research report on Thursday, July 21st. Raymond James dropped their target price on shares of MAG Silver from C$29.00 to C$26.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 19th. TD Securities dropped their target price on shares of MAG Silver from C$31.00 to C$28.00 and set a "speculative buy" rating on the stock in a research report on Wednesday, May 18th. Finally, HC Wainwright reissued a "buy" rating and set a C$16.50 target price on shares of MAG Silver in a research report on Thursday, July 28th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of C$25.44.

MAG Silver Price Performance

TSE:MAG traded down C$0.43 during trading hours on Friday, reaching C$17.47. 146,981 shares of the company were exchanged, compared to its average volume of 227,615. The company has a current ratio of 13.94, a quick ratio of 13.25 and a debt-to-equity ratio of 0.10. The stock's 50-day moving average is C$16.42 and its 200-day moving average is C$18.72. The firm has a market cap of C$1.72 billion and a PE ratio of 91.95. MAG Silver has a twelve month low of C$13.60 and a twelve month high of C$26.94.

MAG Silver (TSE:MAG - Get Rating) (NYSEAMERICAN:MAG) last posted its quarterly earnings data on Monday, May 16th. The company reported C$0.04 earnings per share for the quarter, missing analysts' consensus estimates of C$0.12 by C($0.08). On average, sell-side analysts anticipate that MAG Silver will post 1.49 earnings per share for the current fiscal year.