MAG Silver (TSE:MAG) Hits New 1-Year High on Analyst Upgrade

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) shares reached a new 52-week high on Tuesday after Stifel Nicolaus raised their price target on the stock from C$21.50 to C$25.00. The company traded as high as C$24.88 and last traded at C$24.62, with a volume of 107992 shares traded. The stock had previously closed at C$24.23.

Separately, TD Securities upped their target price on shares of MAG Silver from C$22.00 to C$25.00 in a report on Friday, October 18th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, MAG Silver has an average rating of “Moderate Buy” and an average target price of C$21.89.

MAG Silver Stock Performance

The company’s 50 day moving average price is C$19.15 and its 200-day moving average price is C$17.98. 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 company has a market cap of C$2.54 billion, a PE ratio of 31.18, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued 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 research analysts anticipate that MAG Silver Corp. will post 1.2235023 earnings per share for the current fiscal 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.