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Raymond James Increases MAG Silver (TSE:MAG) Price Target to C$26.00

MAG Silver logo with Basic Materials background

MAG Silver (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG had its price target increased by Raymond James from C$23.00 to C$26.00 in a research note issued on Thursday, BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock.

MAG has been the subject of several other research reports. Stifel Nicolaus boosted their price objective on MAG Silver from C$21.50 to C$25.00 in a report on Monday. TD Securities lifted their target price on shares of MAG Silver from C$22.00 to C$25.00 in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$22.50.

Get Our Latest Report on MAG Silver

MAG Silver Stock Performance

The company's 50-day moving average is C$19.32 and its two-hundred day moving average is C$18.03. The company has a market cap of C$2.55 billion, a price-to-earnings ratio of 31.28, a price-to-earnings-growth 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 28.03. MAG Silver has a one year low of C$11.15 and a one year high of C$24.88.

MAG Silver (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG last issued its quarterly earnings data 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. Equities analysts predict that MAG Silver will post 1.2235023 EPS for the current fiscal year.

About MAG Silver

(Get Free Report)

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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