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

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price target raised by equities researchers at Panmure Gordon from C$26.40 to C$27.10 in a research note issued on Friday,BayStreet.CA reports. Panmure Gordon’s target price would suggest a potential upside of 25.00% from the company’s current price.

A number of other research analysts also recently issued reports on the stock. Raymond James boosted their target price on shares of 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. BMO Capital Markets increased their price objective on shares of MAG Silver from C$24.00 to C$26.00 in a research report on Friday, October 25th. CIBC raised their target price on MAG Silver from C$24.00 to C$25.00 in a research note on Wednesday, November 13th. TD Securities upped their price target on MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. Finally, Roth Capital cut MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$25.01.

MAG Silver Trading Down 0.8 %

TSE:MAG opened at C$21.68 on Friday. MAG Silver has a 52 week low of C$11.15 and a 52 week high of C$25.36. The firm’s fifty day moving average is C$21.37 and its 200-day moving average is C$18.87. The firm has a market cap of C$2.24 billion, a P/E 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 quick ratio of 25.31 and a current ratio of 28.03.

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