Shares of MAG Silver Corp. (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG hit a new 52-week high during trading on Monday after BMO Capital Markets raised their price target on the stock from C$24.00 to C$26.00. The company traded as high as C$24.89 and last traded at C$24.88, with a volume of 88767 shares traded. The stock had previously closed at C$24.22.
MAG has been the topic of a number of other reports. Roth Capital downgraded shares of MAG Silver from a "strong-buy" rating to a "hold" rating in a research note on Thursday. Raymond James increased their price objective on shares of MAG Silver from C$23.00 to C$26.00 and gave the company an "outperform" rating in a research note on Thursday. TD Securities increased their price objective on shares of MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. Finally, Stifel Nicolaus increased their price objective on shares of MAG Silver from C$21.50 to C$25.00 in a research note on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$23.75.
View Our Latest Research Report on MAG Silver
MAG Silver Trading Up 2.1 %
The stock's fifty day simple moving average is C$19.46 and its 200-day simple moving average is C$18.11. The firm has a market cap of C$2.55 billion, a PE ratio of 31.33, 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 - Get Free Report) NYSEAMERICAN: MAG last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.27 by C$0.01. On average, sell-side analysts forecast that MAG Silver Corp. will post 1.2235023 earnings per share for the current year.
About MAG Silver
(
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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.
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