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

MAG Silver (TSE:MAG) (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.

MAG Silver Stock Performance

Shares of TSE:MAG traded down C$0.40 during midday trading on Thursday, reaching C$24.24. 144,204 shares of the company’s stock traded hands, compared to its average volume of 216,909. The company has a market cap of C$2.50 billion, a price-to-earnings ratio of 30.68, 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 28.03. MAG Silver has a one year low of C$11.15 and a one year high of C$24.88. The stock has a 50 day moving average of C$19.32 and a 200 day moving average of C$18.03.

MAG Silver (TSE:MAG) (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.