Stifel Nicolaus Increases MAG Silver (TSE:MAG) Price Target to C$25.00

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price objective lifted by investment analysts at Stifel Nicolaus from C$21.50 to C$25.00 in a research report issued on Monday, BayStreet.CA reports. Stifel Nicolaus’ price target indicates a potential upside of 1.50% from the stock’s current price.

Separately, 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. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$21.89.

MAG Silver Stock Performance

Shares of MAG opened at C$24.63 on Monday. The company has a current ratio of 28.03, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average price of C$19.15 and a 200-day moving average price of C$17.98. 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 has a 12-month low of C$11.15 and a 12-month high of C$24.88.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.28 earnings per share for the quarter, topping the consensus estimate of C$0.27 by C$0.01. As a group, equities analysts forecast that MAG Silver 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.