MAG Silver (TSE:MAG) Price Target Increased to C$26.00 by Analysts at BMO Capital Markets

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price target raised by BMO Capital Markets from C$24.00 to C$26.00 in a research report sent to investors on Friday, BayStreet.CA reports.

A number of other equities research analysts have also commented on MAG. Raymond James increased their price target on MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a research report on Thursday. Roth Capital lowered MAG Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus increased their price target on MAG Silver from C$21.50 to C$25.00 in a research report on Monday, October 21st. Finally, TD Securities raised their target price on MAG Silver from C$22.00 to C$25.00 in a research report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$23.06.

MAG Silver Price Performance

Shares of MAG opened at C$24.22 on Friday. MAG Silver has a 12-month low of C$11.15 and a 12-month high of C$24.88. The business’s fifty day moving average is C$19.46 and its 200 day moving average is C$18.07. The company has a quick ratio of 25.31, a current ratio of 28.03 and a debt-to-equity ratio of 0.01. The stock has a market cap 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.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued its 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 anticipate 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.