Raymond James Increases MAG Silver (TSE:MAG) Price Target to C$26.00

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price target boosted by Raymond James from C$23.00 to C$26.00 in a research report released on Thursday, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.

A number of other equities analysts also recently issued reports on MAG. Stifel Nicolaus increased their price target on shares of MAG Silver from C$21.50 to C$25.00 in a report on Monday, October 21st. TD Securities increased their target price on shares of MAG Silver from C$22.00 to C$25.00 in a report on Friday, October 18th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, MAG Silver has a consensus rating of “Moderate Buy” and an average target price of C$23.75.

MAG Silver Price Performance

MAG Silver stock opened at C$24.22 on Thursday. 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 business has a 50 day simple moving average of C$19.46 and a 200-day simple moving average of C$18.09. MAG Silver has a 12 month low of C$11.15 and a 12 month high of C$24.88. The stock has a market capitalization of C$2.50 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.27 by C$0.01. Equities analysts predict that MAG Silver will post 1.2235023 earnings per share for the current 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.