Raymond James Forecasts Strong Price Appreciation for MAG Silver (TSE:MAG) Stock

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its target price increased by Raymond James from C$26.00 to C$27.00 in a report released on Tuesday morning,BayStreet.CA reports. Raymond James also issued estimates for MAG Silver’s FY2025 earnings at $1.33 EPS.

A number of other research analysts have also weighed in on the stock. TD Securities raised shares of MAG Silver to a “strong-buy” rating in a research note on Monday, March 10th. Stifel Nicolaus lifted their price target on MAG Silver from C$25.00 to C$25.50 in a research note on Monday, November 25th. Finally, CIBC increased their price objective on MAG Silver from C$25.00 to C$26.00 in a research note on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$25.58.

MAG Silver Price Performance

Shares of MAG opened at C$23.70 on Tuesday. The business’s fifty day moving average is C$22.61 and its 200 day moving average is C$21.49. MAG Silver has a 12-month low of C$13.42 and a 12-month high of C$25.36. The company has a quick ratio of 25.31, a current ratio of 32.55 and a debt-to-equity ratio of 0.01. The stock has a market cap of C$1.72 billion, a P/E ratio of 23.02, a P/E/G ratio of 0.84 and a beta of 1.14.

MAG Silver Company Profile

MAG Silver Corp is a Canadian mining company. It is focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district-scale, silver-dominant projects in the Americas. Its principal focus and asset are the Juanicipio Project (44%), being developed in a JV partnership with Fresnillo Plc (56%).