MAG Silver (TSE:MAG) Given New C$19.50 Price Target at Stifel Nicolaus

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its target price increased by research analysts at Stifel Nicolaus from C$19.00 to C$19.50 in a research report issued on Thursday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 37.03% from the stock’s current price.

MAG has been the subject of several other reports. BMO Capital Markets reduced their target price on MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. Raymond James lifted their price target on shares of MAG Silver from C$21.00 to C$21.50 in a research report on Friday, January 12th. Finally, TD Securities lowered their price objective on shares of MAG Silver from C$20.00 to C$18.00 and set a “buy” rating on the stock in a report on Wednesday, March 20th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.69.

MAG Silver Trading Up 6.2 %

MAG Silver stock traded up C$0.83 during mid-day trading on Thursday, hitting C$14.23. 376,933 shares of the stock were exchanged, compared to its average volume of 222,021. The stock has a market capitalization of C$1.47 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 0.84 and a beta of 1.00. MAG Silver has a 12 month low of C$11.15 and a 12 month high of C$19.28. The company has a quick ratio of 25.31, a current ratio of 15.04 and a debt-to-equity ratio of 0.03. The firm’s fifty day simple moving average is C$12.15 and its two-hundred day simple moving average is C$13.59.

MAG Silver Company Profile

MAG Silver Corp. engages in the exploration and development of precious metal mining properties. The company explores for silver, gold, lead, copper, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp.