MAG Silver (TSE:MAG) Price Target Raised to C$27.10 at Panmure Gordon

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price objective raised by Panmure Gordon from C$26.40 to C$27.10 in a report published on Friday morning,BayStreet.CA reports.

A number of other research firms also recently weighed in on MAG. CIBC lifted their target price on MAG Silver from C$24.00 to C$25.00 in a report on Wednesday, November 13th. Roth Capital downgraded MAG Silver from a “strong-buy” rating to a “hold” rating in a report 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 stock an “outperform” rating in a research report on Thursday, October 24th. TD Securities upped their price objective on shares of MAG Silver from C$22.00 to C$25.00 in a research report on Friday, October 18th. Finally, BMO Capital Markets boosted their target price on MAG Silver from C$24.00 to C$26.00 in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, MAG Silver presently has an average rating of “Moderate Buy” and an average price target of C$25.01.

MAG Silver Trading Down 0.8 %

Shares of MAG Silver stock opened at C$21.68 on Friday. The business has a fifty day simple moving average of C$21.37 and a two-hundred day simple moving average of C$18.87. MAG Silver has a 1 year low of C$11.15 and a 1 year high of C$25.36. The company has a market capitalization of C$2.24 billion, a price-to-earnings ratio of 27.44, 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.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced its quarterly earnings results on Tuesday, November 12th. The company reported C$0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.28 by C$0.02. Research analysts forecast that MAG Silver will post 1.2235023 EPS for the current 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.