Panmure Gordon Issues Positive Forecast for MAG Silver (TSE:MAG) Stock Price

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price objective upped by Panmure Gordon from C$26.40 to C$27.10 in a research note released on Friday,BayStreet.CA reports.

A number of other brokerages have also recently issued reports on MAG. CIBC raised their price objective on shares of MAG Silver from C$24.00 to C$25.00 in a research note on Wednesday, November 13th. Roth Capital cut shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. TD Securities raised their price objective on shares of MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. BMO Capital Markets raised their price objective on shares of MAG Silver from C$24.00 to C$26.00 in a research note on Friday, October 25th. Finally, Raymond James raised 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. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$25.01.

MAG Silver Price Performance

MAG opened at C$21.68 on Friday. MAG Silver has a one year low of C$11.15 and a one year high of C$25.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 28.03 and a quick ratio of 25.31. The company’s 50 day simple moving average is C$21.27 and its 200-day simple moving average is C$18.85. The stock has a market capitalization of C$2.24 billion, a P/E ratio of 27.59, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced its quarterly earnings data on Tuesday, November 12th. The company reported C$0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.02. Sell-side analysts anticipate that MAG Silver will post 1.2235023 earnings per share for the current fiscal 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.