MAG Silver (TSE:MAG) Price Target Raised to C$25.50 at Stifel Nicolaus

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its target price upped by equities research analysts at Stifel Nicolaus from C$25.00 to C$25.50 in a report issued on Monday,BayStreet.CA reports. Stifel Nicolaus’ price objective would indicate a potential upside of 17.95% from the stock’s current price.

Several other analysts also recently commented on the company. TD Securities increased their price objective on MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. Roth Capital downgraded MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Raymond James increased their price target on MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Panmure Gordon increased their price target on MAG Silver from C$26.40 to C$27.10 in a research report on Friday, November 22nd. Finally, BMO Capital Markets increased their price target on MAG Silver from C$24.00 to C$26.00 in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, MAG Silver has an average rating of “Moderate Buy” and an average target price of C$25.08.

MAG Silver Stock Performance

Shares of MAG Silver stock opened at C$21.62 on Monday. The company has a market cap of C$2.23 billion, a PE ratio of 27.37, 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 business has a 50 day moving average price of C$21.55 and a 200-day moving average price of C$18.94. The company has a quick ratio of 25.31, a current ratio of 28.03 and a debt-to-equity ratio of 0.01.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued its quarterly earnings data on Tuesday, November 12th. The company reported C$0.30 EPS for the quarter, topping the consensus estimate of C$0.28 by C$0.02. Equities analysts anticipate that MAG Silver will post 1.2235023 earnings per share 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.