TD Securities Boosts MAG Silver (TSE:MAG) Price Target to C$25.00

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price objective hoisted by TD Securities from C$22.00 to C$25.00 in a report released on Friday morning, BayStreet.CA reports.

Separately, Stifel Nicolaus upped their price objective on shares of MAG Silver from C$21.25 to C$21.50 in a report on Tuesday, August 6th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, MAG Silver presently has a consensus rating of “Moderate Buy” and a consensus target price of C$21.50.

MAG Silver Stock Performance

MAG stock opened at C$23.15 on Friday. The company has a market capitalization of C$2.39 billion, a P/E ratio of 29.30, a PEG ratio of 0.84 and a beta of 1.14. The company has a 50-day simple moving average of C$18.83 and a 200 day simple moving average of C$17.84. MAG Silver has a fifty-two week low of C$11.15 and a fifty-two week high of C$23.38. The company has a quick ratio of 25.31, a current ratio of 28.03 and a debt-to-equity ratio of 0.01.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.28 earnings per share for the quarter, topping the consensus estimate of C$0.27 by C$0.01. Sell-side analysts predict 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.