MAG Silver (TSE:MAG) Price Target Raised to C$25.00

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price objective upped by CIBC from C$24.00 to C$25.00 in a research note issued to investors on Wednesday,BayStreet.CA reports.

Several other equities analysts have also recently commented on MAG. TD Securities upped their target price on shares of MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. Raymond James upped their price objective on shares of MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. BMO Capital Markets lifted their target price on MAG Silver from C$24.00 to C$26.00 in a research report on Friday, October 25th. Stifel Nicolaus raised their price objective on MAG Silver from C$21.50 to C$25.00 in a research report on Monday, October 21st. Finally, Roth Capital cut MAG Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$24.71.

MAG Silver Stock Down 1.3 %

MAG stock opened at C$21.07 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 28.03 and a quick ratio of 25.31. The company has a 50-day moving average of C$20.83 and a two-hundred day moving average of C$18.71. The stock has a market capitalization of C$2.17 billion, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. MAG Silver has a 52-week low of C$11.15 and a 52-week high of C$25.36.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued its quarterly earnings results on Tuesday, November 12th. The company reported C$0.30 EPS for the quarter, topping the consensus estimate of C$0.28 by C$0.02. As a group, equities research analysts anticipate that MAG Silver will post 1.2235023 EPS for the current 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.