MAG Silver (TSE:MAG) Price Target Raised to C$26.00 at BMO Capital Markets

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its target price increased by equities research analysts at BMO Capital Markets from C$24.00 to C$26.00 in a research report issued on Friday, BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 7.35% from the stock’s previous close.

A number of other research firms also recently issued reports on MAG. 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 downgraded shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Stifel Nicolaus raised their target price on shares of MAG Silver from C$21.50 to C$25.00 in a research note on Monday, October 21st. Finally, Raymond James raised their target price 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, MAG Silver currently has a consensus rating of “Moderate Buy” and a consensus price target of C$23.75.

MAG Silver Price Performance

TSE MAG opened at C$24.22 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 28.03. The firm’s 50 day moving average price is C$19.46 and its 200-day moving average price is C$18.09. MAG Silver has a 52-week low of C$11.15 and a 52-week high of C$24.88. The company has a market cap of C$2.50 billion, a PE ratio of 30.66, a P/E/G ratio of 0.84 and a beta of 1.14.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its quarterly earnings data on Thursday, August 1st. The company reported C$0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.27 by C$0.01. Sell-side analysts forecast that MAG Silver will post 1.2235023 EPS for the current fiscal 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.