MAG Silver (TSE:MAG) Price Target Raised to C$27.00

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

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

MAG Silver Trading Down 1.1 %

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

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%).