Raymond James Forecasts Strong Price Appreciation for MAG Silver (TSE:MAG) Stock

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price target raised by stock analysts at Raymond James from C$26.00 to C$27.00 in a report issued on Tuesday,BayStreet.CA reports. Raymond James’ target price suggests a potential upside of 13.78% from the stock’s current price.

MAG has been the subject of a number of other research reports. CIBC lifted their target price on shares of MAG Silver from C$25.00 to C$26.00 in a research report on Monday, December 2nd. TD Securities raised shares of MAG Silver to a “strong-buy” rating in a research report on Monday, March 10th. Finally, Stifel Nicolaus upped their price target on MAG Silver from C$25.00 to C$25.50 in a research report on Monday, November 25th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$25.58.

MAG Silver Stock Down 1.1 %

Shares of TSE MAG traded down C$0.26 during midday trading on Tuesday, hitting C$23.73. The stock had a trading volume of 108,509 shares, compared to its average volume of 195,339. The company has a market cap of C$1.72 billion, a P/E ratio of 23.05, a PEG ratio of 0.84 and a beta of 1.14. The company has a quick ratio of 25.31, a current ratio of 32.55 and a debt-to-equity ratio of 0.01. MAG Silver has a 52 week low of C$12.24 and a 52 week high of C$25.36. The business’s 50 day moving average is C$22.50 and its 200-day moving average is C$21.38.

MAG Silver Company Profile

MAG Silver Corp is a Canadian mining company. It is focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district-scale, silver-dominant projects in the Americas. Its principal focus and asset are the Juanicipio Project (44%), being developed in a JV partnership with Fresnillo Plc (56%).