MAG Silver (TSE:MAG) Given New C$27.10 Price Target at Panmure Gordon

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price objective lifted by Panmure Gordon from C$26.40 to C$27.10 in a research report released on Friday,BayStreet.CA reports.

MAG has been the subject of a number of other research reports. TD Securities increased their price objective on shares of MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. Roth Capital lowered shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Stifel Nicolaus increased their price target on shares of MAG Silver from C$21.50 to C$25.00 in a research report on Monday, October 21st. Raymond James increased their price target on shares of MAG Silver from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, CIBC increased their price target on shares of MAG Silver from C$24.00 to C$25.00 in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$25.01.

MAG Silver Trading Down 0.8 %

Shares of MAG opened at C$21.68 on Friday. The stock’s 50-day moving average price is C$21.27 and its 200 day moving average price is C$18.85. 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 firm has a market capitalization of C$2.24 billion, a price-to-earnings ratio of 27.59, a P/E/G ratio of 0.84 and a beta of 1.14. MAG Silver has a 12-month low of C$11.15 and a 12-month high of C$25.36.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its quarterly earnings data 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. As a group, research analysts predict 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.