Raymond James Raises MAG Silver (TSE:MAG) Price Target to C$26.00

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price target increased by Raymond James from C$23.00 to C$26.00 in a report released on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities analysts have also recently issued reports on MAG. TD Securities lifted their price objective on shares of MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. Stifel Nicolaus raised their target price on shares of MAG Silver from C$21.50 to C$25.00 in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$23.75.

MAG Silver Stock Performance

Shares of MAG opened at C$24.22 on Thursday. The firm’s 50 day moving average is C$19.46 and its 200-day moving average is C$18.09. The stock has a market capitalization of C$2.50 billion, a P/E ratio of 30.66, a P/E/G ratio of 0.84 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 28.03 and a quick ratio of 25.31. MAG Silver has a 12-month low of C$11.15 and a 12-month high of C$24.88.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced its quarterly earnings data on Thursday, August 1st. The company reported C$0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.27 by C$0.01. Equities research analysts anticipate that MAG Silver will post 1.2235023 EPS 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.