MAG Silver (TSE:MAG) Price Target Raised to C$25.00

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price objective increased by stock analysts at TD Securities from C$22.00 to C$25.00 in a report released on Friday, BayStreet.CA reports. TD Securities’ price objective would suggest a potential upside of 8.70% from the company’s previous close.

Separately, Stifel Nicolaus raised their price objective on MAG Silver from C$21.25 to C$21.50 in a research note on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$21.50.

MAG Silver Trading Up 5.9 %

Shares of MAG traded up C$1.28 on Friday, hitting C$23.00. 181,019 shares of the stock traded hands, compared to its average volume of 215,318. The firm has a market capitalization of C$2.37 billion, a P/E ratio of 29.23, a P/E/G ratio of 0.84 and a beta of 1.14. The company has a quick ratio of 25.31, a current ratio of 28.03 and a debt-to-equity ratio of 0.01. MAG Silver has a 1 year low of C$11.15 and a 1 year high of C$23.15. The stock’s 50 day moving average is C$18.70 and its two-hundred day moving average is C$17.70.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its earnings results on Thursday, August 1st. The company reported C$0.28 earnings per share for the quarter, topping the consensus estimate of C$0.27 by C$0.01. As a group, sell-side analysts predict that MAG Silver will post 1.2235023 earnings per share for the current year.

About MAG Silver

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.