MAG Silver (TSE:MAG) Price Target Raised to C$25.50

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price objective raised by Stifel Nicolaus from C$25.00 to C$25.50 in a research report released on Monday,BayStreet.CA reports.

Several other research analysts have also recently weighed in on MAG. CIBC upped their price objective on shares of MAG Silver from C$24.00 to C$25.00 in a research report on Wednesday, November 13th. Raymond James upped their price objective on MAG Silver from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. BMO Capital Markets raised their price objective on MAG Silver from C$24.00 to C$26.00 in a report on Friday, October 25th. Roth Capital lowered MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Panmure Gordon lifted their price objective on MAG Silver from C$26.40 to C$27.10 in a report on Friday, November 22nd. 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 company has an average rating of “Moderate Buy” and a consensus price target of C$25.08.

MAG Silver Trading Down 0.3 %

Shares of MAG opened at C$21.56 on Monday. MAG Silver has a twelve month low of C$11.15 and a twelve month high of C$25.36. The stock has a market cap of C$2.22 billion, a PE ratio of 27.29, 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. The business’s 50-day moving average price is C$21.59 and its 200-day moving average price is C$18.97.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its quarterly earnings data on Tuesday, November 12th. The company reported C$0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.28 by C$0.02. On average, equities analysts forecast that MAG Silver will post 1.2235023 EPS for the current fiscal year.

MAG Silver Company Profile

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.