Raymond James Increases MAG Silver (TSE:MAG) Price Target to C$26.00

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price target hoisted by investment analysts at Raymond James from C$23.00 to C$26.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price objective would indicate a potential upside of 7.35% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. Stifel Nicolaus lifted their price objective on MAG Silver from C$21.50 to C$25.00 in a report on Monday, October 21st. TD Securities raised their target price on MAG Silver from C$22.00 to C$25.00 in a research report on Friday, October 18th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$23.06.

MAG Silver Stock Performance

Shares of TSE MAG opened at C$24.22 on Thursday. MAG Silver has a one year low of C$11.15 and a one year high of C$24.88. 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 business has a fifty day simple moving average of C$19.46 and a 200 day simple moving average of C$18.07. The firm has a market capitalization of C$2.50 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 0.84 and a beta of 1.14.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its quarterly earnings data on Thursday, August 1st. The company reported C$0.28 EPS for the quarter, topping analysts’ consensus estimates of C$0.27 by C$0.01. Sell-side analysts expect that MAG Silver will post 1.2235023 EPS for the current 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.