MAG Silver (TSE:MAG – Free Report) (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.
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MAG Silver Stock Up 4.7 %
MAG Silver (TSE:MAG – Get Free Report) (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.
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