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

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

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

MAG Silver Stock Performance

Shares of TSE:MAG opened at C$21.07 on Wednesday. The business has a fifty day moving average of C$20.83 and a 200-day moving average of C$18.71. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 28.03. MAG Silver has a twelve month low of C$11.15 and a twelve month high of C$25.36. The firm has a market cap of C$2.17 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14.

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 for the quarter, beating the consensus estimate of C$0.28 by C$0.02. On average, equities research analysts predict 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.