MAG Silver (TSE:MAG) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its target price hoisted by Stifel Nicolaus from C$25.00 to C$25.50 in a research note published on Monday morning,BayStreet.CA reports.

Other equities research analysts have also issued reports about the company. BMO Capital Markets increased their price target on MAG Silver from C$24.00 to C$26.00 in a research report on Friday, October 25th. CIBC raised their price target on shares of MAG Silver from C$24.00 to C$25.00 in a research report on Wednesday, November 13th. Panmure Gordon upped their price objective on shares of MAG Silver from C$26.40 to C$27.10 in a research report on Friday. Raymond James increased their price objective on shares of MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Roth Capital downgraded MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, MAG Silver has a consensus rating of “Moderate Buy” and an average target price of C$25.08.

MAG Silver Stock Down 2.4 %

Shares of TSE MAG opened at C$21.17 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 28.03 and a quick ratio of 25.31. The company has a 50-day moving average price of C$21.37 and a 200-day moving average price of C$18.88. The stock has a market capitalization of C$2.18 billion, a P/E ratio of 26.67, a P/E/G ratio of 0.84 and a beta of 1.14. MAG Silver has a 1 year low of C$11.15 and a 1 year high of C$25.36.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its quarterly earnings results on Tuesday, November 12th. The company reported C$0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.02. On average, equities research analysts forecast that MAG Silver will post 1.2235023 EPS for the current fiscal 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.