MAG Silver (TSE:MAG) Given New C$26.00 Price Target at Raymond James

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price objective increased by Raymond James from C$23.00 to C$26.00 in a research report report published on Thursday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

MAG has been the topic of several other reports. TD Securities raised their price objective on MAG Silver from C$22.00 to C$25.00 in a report on Friday, October 18th. Stifel Nicolaus raised their price target on MAG Silver from C$21.50 to C$25.00 in a research note on Monday. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$22.50.

MAG Silver Stock Performance

The business has a 50 day moving average of C$19.32 and a 200-day moving average of C$18.03. 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 company has a market capitalization of C$2.55 billion, a PE ratio of 31.28, a PEG ratio of 0.84 and a beta of 1.14. MAG Silver has a 1-year low of C$11.15 and a 1-year high of C$24.88.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued its earnings results on Thursday, August 1st. The company reported C$0.28 EPS for the quarter, topping analysts’ consensus estimates of C$0.27 by C$0.01. As a group, sell-side analysts forecast that MAG Silver will post 1.2235023 earnings per share for the current 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.