Brokerages Set MAG Silver Corp. (TSE:MAG) Price Target at C$25.08

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$25.20.

Several research analysts have commented on MAG shares. CIBC raised their target price on shares of MAG Silver from C$25.00 to C$26.00 in a report on Monday. TD Securities lifted their price objective on shares of MAG Silver from C$22.00 to C$25.00 in a research report on Friday, October 18th. Stifel Nicolaus boosted their target price on shares of MAG Silver from C$25.00 to C$25.50 in a research note on Monday, November 25th. Roth Capital cut MAG Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Raymond James upped their price target on MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th.

MAG Silver Stock Up 3.9 %

Shares of MAG stock opened at C$22.36 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 28.03. The stock has a market cap of C$2.31 billion, a PE ratio of 28.30, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The business’s fifty day moving average is C$21.79 and its 200-day moving average is C$19.10. MAG Silver has a 1 year low of C$11.15 and a 1 year high of C$25.36.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its earnings results on Tuesday, November 12th. The company reported C$0.30 EPS for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.02. Equities analysts expect 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.