MAG Silver (TSE:MAG) Price Target Raised to C$25.00 at Stifel Nicolaus

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price target hoisted by Stifel Nicolaus from C$21.50 to C$25.00 in a report issued on Monday morning, BayStreet.CA reports.

Separately, TD Securities increased their price objective on shares of MAG Silver from C$22.00 to C$25.00 in a report on Friday. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$21.89.

MAG Silver Stock Up 4.7 %

MAG opened at C$24.23 on Monday. The stock’s 50 day moving average price is C$18.99 and its 200 day moving average price is C$17.91. The company has a debt-to-equity ratio of 0.01, a current ratio of 28.03 and a quick ratio of 25.31. The stock has a market cap of C$2.50 billion, a P/E ratio of 30.67, 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$24.37.

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 for the quarter, beating analysts’ consensus estimates of C$0.27 by C$0.01. As a group, research analysts predict that MAG Silver 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.