MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) had its price objective upped by stock analysts at Raymond James from C$23.00 to C$26.00 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price objective points to a potential upside of 7.26% from the company’s previous close.
A number of other analysts have also recently commented on the company. TD Securities upped their price target on MAG Silver from C$22.00 to C$25.00 in a research report on Friday, October 18th. Stifel Nicolaus upped their price target on MAG Silver from C$21.50 to C$25.00 in a research report on Monday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$22.50.
Read Our Latest Stock Report on MAG
MAG Silver Stock Performance
MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.28 EPS for the quarter, beating analysts’ consensus estimates of C$0.27 by C$0.01. As a group, equities research analysts anticipate 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.
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