MAG Silver (TSE:MAG) PT Raised to C$25.00

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price target hoisted by Stifel Nicolaus from C$21.50 to C$25.00 in a research report sent to investors on Monday morning, BayStreet.CA reports.

Separately, TD Securities lifted their target price on shares of MAG Silver from C$22.00 to C$25.00 in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$21.89.

MAG Silver Stock Up 4.7 %

TSE:MAG opened at C$24.23 on Monday. The business’s fifty day moving average price is C$18.99 and its 200 day moving average price is C$17.91. The firm has a market capitalization of C$2.50 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 0.84 and a beta of 1.14. The company has a current ratio of 28.03, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01. MAG Silver has a 1-year low of C$11.15 and a 1-year high of C$24.37.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.27 by C$0.01. On average, sell-side analysts forecast that MAG Silver will post 1.2235023 earnings per share for the current fiscal year.

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.