MAG Silver Corp. (TSE:MAG) Receives C$25.08 Consensus Target Price from Analysts

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) has received an average rating of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$25.20.

Several research firms have issued reports on MAG. Stifel Nicolaus increased their price objective on shares of MAG Silver from C$25.00 to C$25.50 in a report on Monday, November 25th. Raymond James raised their price target on shares of MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. BMO Capital Markets boosted their price objective on MAG Silver from C$24.00 to C$26.00 in a research note on Friday, October 25th. CIBC increased their target price on MAG Silver from C$25.00 to C$26.00 in a report on Monday. Finally, TD Securities lifted their price target on MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th.

MAG Silver Stock Performance

Shares of MAG stock opened at C$21.51 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. MAG Silver has a 12-month low of C$11.15 and a 12-month high of C$25.36. The business’s 50 day moving average is C$21.88 and its two-hundred day moving average is C$19.16. The company has a market capitalization of C$2.22 billion, a P/E ratio of 27.23, a P/E/G ratio of 0.84 and a beta of 1.14.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced its earnings results on Tuesday, November 12th. The company reported C$0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.02. Analysts expect 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.