MAG Silver (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG had its price objective boosted by research analysts at Raymond James from C$26.00 to C$27.00 in a report released on Tuesday,BayStreet.CA reports. Raymond James' target price suggests a potential upside of 20.32% from the company's current price. Raymond James also issued estimates for MAG Silver's FY2025 earnings at $1.33 EPS.
Several other analysts have also recently commented on MAG. CIBC lifted their target price on shares of MAG Silver from C$25.00 to C$26.00 in a research note on Monday, December 2nd. Stifel Nicolaus lifted their price objective on MAG Silver from C$25.00 to C$25.50 in a research report on Monday, November 25th. Finally, TD Securities upgraded MAG Silver to a "strong-buy" rating in a research note on Monday, March 10th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$25.58.
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MAG Silver Price Performance
MAG Silver stock traded down C$1.26 during midday trading on Tuesday, reaching C$22.44. 357,707 shares of the company were exchanged, compared to its average volume of 203,308. The firm's 50-day simple moving average is C$22.62 and its 200-day simple moving average is C$21.54. MAG Silver has a 1 year low of C$14.43 and a 1 year high of C$25.36. The company has a market capitalization of C$1.63 billion, a price-to-earnings ratio of 21.80, a P/E/G ratio of 0.84 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 32.55.
About MAG Silver
(
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MAG Silver Corp is a Canadian mining company. It is focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district-scale, silver-dominant projects in the Americas. Its principal focus and asset are the Juanicipio Project (44%), being developed in a JV partnership with Fresnillo Plc (56%).
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