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

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its target price lifted by CIBC from C$24.00 to C$25.00 in a research note issued on Wednesday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 19.90% from the company’s current price.

MAG has been the subject of a number of other reports. TD Securities upped their price target on MAG Silver from C$22.00 to C$25.00 in a report on Friday, October 18th. BMO Capital Markets upped their target price on shares of MAG Silver from C$24.00 to C$26.00 in a report on Friday, October 25th. Roth Capital lowered shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Raymond James upped 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, October 24th. Finally, Stifel Nicolaus lifted their target price on MAG Silver from C$21.50 to C$25.00 in a research report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.13.

MAG Silver Stock Down 1.9 %

Shares of TSE:MAG traded down C$0.40 during trading hours on Wednesday, reaching C$20.85. The stock had a trading volume of 79,322 shares, compared to its average volume of 225,127. MAG Silver has a 1 year low of C$11.15 and a 1 year high of C$25.36. The firm’s 50 day moving average is C$20.63 and its 200-day moving average is C$18.63. The stock has a market capitalization of C$2.15 billion, a price-to-earnings ratio of 26.47, 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 (TSE:MAG) (NYSEAMERICAN:MAG) last posted its quarterly earnings results on Tuesday, November 12th. The company reported C$0.30 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.02. Research analysts predict that MAG Silver will post 1.2235023 earnings per share 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.