MAG Silver (TSE:MAG) Price Target Raised to C$26.00

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price objective lifted by equities research analysts at CIBC from C$25.00 to C$26.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 20.59% from the stock’s current price.

Other equities analysts have also issued reports about the company. TD Securities raised their price target on MAG Silver from C$22.00 to C$25.00 in a research report on Friday, October 18th. Panmure Gordon raised their price target on MAG Silver from C$26.40 to C$27.10 in a research report on Friday, November 22nd. Raymond James raised their price target on MAG Silver from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Stifel Nicolaus raised their price target on MAG Silver from C$25.00 to C$25.50 in a research report on Monday, November 25th. Finally, Roth Capital lowered MAG Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of C$25.20.

MAG Silver Price Performance

Shares of TSE:MAG traded down C$0.24 on Monday, hitting C$21.56. The company’s stock had a trading volume of 32,063 shares, compared to its average volume of 220,904. The company has a 50-day simple moving average of C$21.67 and a 200 day simple moving average of C$19.04. MAG Silver has a 1 year low of C$11.15 and a 1 year high of C$25.36. The company has a market capitalization of C$2.22 billion, a PE ratio of 27.29, a PEG ratio of 0.84 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 28.03 and a quick ratio of 25.31.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced its quarterly earnings data on Tuesday, November 12th. The company reported C$0.30 EPS for the quarter, beating the consensus estimate of C$0.28 by C$0.02. 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.