Panmure Gordon Forecasts Strong Price Appreciation for MAG Silver (TSE:MAG) Stock

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its target price boosted by Panmure Gordon from C$26.40 to C$27.10 in a research note released on Friday morning,BayStreet.CA reports.

Other equities analysts also recently issued research reports about the company. TD Securities upped their price target on MAG Silver from C$22.00 to C$25.00 in a research report on Friday, October 18th. CIBC increased their price objective on MAG Silver from C$24.00 to C$25.00 in a report on Wednesday, November 13th. Roth Capital downgraded MAG Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Raymond James increased their price objective on MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, BMO Capital Markets increased their price objective on MAG Silver from C$24.00 to C$26.00 in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, MAG Silver has an average rating of “Moderate Buy” and a consensus target price of C$25.08.

MAG Silver Trading Down 2.4 %

TSE:MAG opened at C$21.17 on Friday. MAG Silver has a twelve month low of C$11.15 and a twelve month high of C$25.36. The company has a quick ratio of 25.31, a current ratio of 28.03 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average price of C$21.37 and a two-hundred day moving average price of C$18.88. The company has a market cap of C$2.18 billion, a P/E ratio of 26.67, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14.

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 for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.02. As a group, analysts expect 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.