MAG Silver (TSE:MAG) Price Target Raised to C$27.10

MAG Silver (TSE:MAG - Free Report) NYSEAMERICAN: MAG had its price target raised by Panmure Gordon from C$26.40 to C$27.10 in a report issued on Friday,BayStreet.CA reports.

A number of other equities analysts also recently issued reports on MAG. Raymond James increased 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. BMO Capital Markets lifted their price target on shares of MAG Silver from C$24.00 to C$26.00 in a research note on Friday, October 25th. TD Securities boosted their price target on shares of MAG Silver from C$22.00 to C$25.00 in a report on Friday, October 18th. Roth Capital downgraded shares of MAG Silver from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 24th. Finally, Stifel Nicolaus boosted their target price on shares of MAG Silver from C$21.50 to C$25.00 in a research note on Monday, October 21st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$25.01.

MAG Silver Stock Performance

Shares of TSE:MAG traded down C$0.17 during trading on Friday, hitting C$21.68. 172,200 shares of the stock traded hands, compared to its average volume of 223,356. The company has a quick ratio of 25.31, a current ratio of 28.03 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average price of C$21.37 and a two-hundred day moving average price of C$18.87. MAG Silver has a 52-week low of C$11.15 and a 52-week high of C$25.36. The company has a market cap of C$2.24 billion, a price-to-earnings ratio of 27.44, a P/E/G ratio of 0.84 and a beta of 1.14.

MAG Silver (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG last released its quarterly earnings data on Tuesday, November 12th. The company reported C$0.30 earnings per share for the quarter, beating analysts' consensus estimates of C$0.28 by C$0.02. As a group, equities analysts predict that MAG Silver will post 1.2235023 EPS for the current 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.