Panmure Gordon Forecasts Strong Price Appreciation for MAG Silver (TSE:MAG) Stock

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price target hoisted by Panmure Gordon from C$26.40 to C$27.10 in a research note issued to investors on Friday,BayStreet.CA reports.

MAG has been the topic of several other reports. CIBC increased their target price on MAG Silver from C$24.00 to C$25.00 in a report on Wednesday, November 13th. Stifel Nicolaus raised their price objective on MAG Silver from C$21.50 to C$25.00 in a research note on Monday, October 21st. BMO Capital Markets raised their price objective on MAG Silver from C$24.00 to C$26.00 in a research note on Friday, October 25th. Roth Capital lowered MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, TD Securities raised their price objective on MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$25.08.

MAG Silver Stock Performance

MAG opened at C$21.17 on Friday. The firm has a market cap of C$2.18 billion, a P/E ratio of 26.67, a price-to-earnings-growth 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$25.36. 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 business’s fifty day moving average is C$21.37 and its 200-day moving average is C$18.88.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its earnings results on Tuesday, November 12th. The company reported C$0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.28 by C$0.02. Sell-side analysts expect that MAG Silver will post 1.2235023 EPS for the current fiscal 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.