MAG Silver (TSE:MAG) Sets New 1-Year High on Analyst Upgrade

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG)’s share price hit a new 52-week high on Tuesday after Stifel Nicolaus raised their price target on the stock from C$21.50 to C$25.00. The stock traded as high as C$24.88 and last traded at C$24.62, with a volume of 107992 shares trading hands. The stock had previously closed at C$24.23.

Separately, TD Securities boosted their price objective on MAG Silver from C$22.00 to C$25.00 in a report on Friday, October 18th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$21.89.

MAG Silver Stock Performance

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 company has a 50-day moving average price of C$19.32 and a 200-day moving average price of C$18.03. The firm has a market capitalization of C$2.54 billion, a price-to-earnings ratio of 31.19, a P/E/G ratio of 0.84 and a beta of 1.14.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.27 by C$0.01. As a group, equities research analysts forecast that MAG Silver Corp. will post 1.2235023 earnings per share 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.