MAG Silver (TSE:MAG) PT Raised to C$25.00 at Stifel Nicolaus

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price target upped by equities researchers at Stifel Nicolaus from C$21.50 to C$25.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. Stifel Nicolaus’ price target suggests a potential upside of 2.97% from the stock’s current price.

Separately, TD Securities increased their price target on MAG Silver from C$22.00 to C$25.00 in a research note on Friday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$21.89.

MAG Silver Price Performance

Shares of TSE MAG traded up C$1.13 during mid-day trading on Monday, reaching C$24.28. The company’s stock had a trading volume of 249,590 shares, compared to its average volume of 216,204. The firm has a market capitalization of C$2.51 billion, a PE ratio of 30.70, 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 current ratio of 28.03 and a quick ratio of 25.31. The stock has a fifty day moving average of C$18.83 and a two-hundred day moving average of C$17.84. MAG Silver has a 52 week low of C$11.15 and a 52 week high of C$24.37.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its quarterly earnings data on Thursday, August 1st. The company reported C$0.28 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.27 by C$0.01. As a group, sell-side 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.