MAG Silver (TSE:MAG) Price Target Raised to C$25.00

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price objective hoisted by equities researchers at TD Securities from C$22.00 to C$25.00 in a research note issued on Friday, BayStreet.CA reports. TD Securities’ price target would suggest a potential upside of 8.70% from the stock’s previous close.

Separately, Stifel Nicolaus increased their price target on MAG Silver from C$21.25 to C$21.50 in a research note on Tuesday, August 6th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, MAG Silver has a consensus rating of “Moderate Buy” and a consensus price target of C$21.50.

MAG Silver Price Performance

Shares of MAG traded up C$1.28 during trading hours on Friday, hitting C$23.00. The stock had a trading volume of 181,019 shares, compared to its average volume of 215,318. The stock has a market capitalization of C$2.37 billion, a price-to-earnings ratio of 29.23, a P/E/G ratio of 0.84 and a beta of 1.14. MAG Silver has a 52 week low of C$11.15 and a 52 week high of C$23.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 28.03 and a quick ratio of 25.31. The company’s fifty day moving average is C$18.70 and its two-hundred day moving average is C$17.70.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced its earnings results on Thursday, August 1st. The company reported C$0.28 EPS for the quarter, topping the consensus estimate of C$0.27 by C$0.01. On average, analysts anticipate that MAG Silver will post 1.2235023 EPS for the current 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.