MAG Silver (TSE:MAG) Price Target Raised to C$27.10

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its target price increased by Panmure Gordon from C$26.40 to C$27.10 in a research note issued to investors on Friday morning,BayStreet.CA reports.

MAG has been the subject of several other reports. TD Securities increased their price target on shares of MAG Silver from C$22.00 to C$25.00 in a report on Friday, October 18th. Raymond James raised their target price on shares of MAG Silver from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Stifel Nicolaus raised their target price on shares of MAG Silver from C$21.50 to C$25.00 in a research report on Monday, October 21st. Roth Capital downgraded shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, CIBC raised their target price on shares of MAG Silver from C$24.00 to C$25.00 in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$25.01.

MAG Silver Stock Performance

Shares of MAG stock opened at C$21.68 on Friday. The company has a current ratio of 28.03, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average price of C$21.37 and a 200 day moving average price of C$18.87. The company has a market cap of C$2.24 billion, a P/E ratio of 27.44, a PEG ratio of 0.84 and a beta of 1.14. MAG Silver has a 12 month low of C$11.15 and a 12 month high of C$25.36.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released 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. 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.