Stifel Nicolaus Boosts MAG Silver (TSE:MAG) Price Target to C$25.00

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price target increased by Stifel Nicolaus from C$21.50 to C$25.00 in a report published on Monday, BayStreet.CA reports.

Separately, TD Securities increased their target price on shares of MAG Silver from C$22.00 to C$25.00 in a research report on Friday, October 18th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$22.50.

MAG Silver Stock Performance

MAG Silver has a 52-week low of C$11.15 and a 52-week high of C$24.88. The firm has a market capitalization of C$2.55 billion, a P/E ratio of 31.28, a PEG ratio of 0.84 and a beta of 1.14. The business’s 50-day simple moving average is C$19.32 and its 200 day simple moving average is C$18.03. 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 (TSE:MAG) (NYSEAMERICAN:MAG) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.27 by C$0.01. Sell-side analysts forecast that MAG Silver will post 1.2235023 earnings per share 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.