MAG Silver (TSE:MAG) Releases Earnings Results, Beats Expectations By $0.02 EPS

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) announced its quarterly earnings results on Tuesday. The company reported C$0.30 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.02, reports.

MAG Silver Stock Performance

Shares of MAG stock opened at C$21.34 on Friday. MAG Silver has a 12 month low of C$11.15 and a 12 month high of C$25.36. The company’s fifty day simple moving average is C$20.76 and its 200-day simple moving average is C$18.69. The firm has a market cap of C$2.20 billion, a PE ratio of 27.01, a P/E/G ratio of 0.84 and a beta of 1.14. The company has a quick ratio of 25.31, a current ratio of 28.03 and a debt-to-equity ratio of 0.01.

Analyst Upgrades and Downgrades

MAG has been the subject of several recent analyst reports. CIBC upped their target price on shares of MAG Silver from C$24.00 to C$25.00 in a research note on Wednesday. Stifel Nicolaus upped their price objective on shares of MAG Silver from C$21.50 to C$25.00 in a research report on Monday, October 21st. TD Securities lifted their target price on MAG Silver from C$22.00 to C$25.00 in a report on Friday, October 18th. Roth Capital downgraded MAG Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Raymond James lifted their price objective on MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$24.71.

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.