MAG Silver (TSE:MAG) Given New C$25.50 Price Target at Stifel Nicolaus

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

Several other research firms have also recently commented on MAG. Roth Capital cut MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Panmure Gordon lifted their price objective on shares of MAG Silver from C$26.40 to C$27.10 in a report on Friday, November 22nd. CIBC increased their target price on shares of MAG Silver from C$24.00 to C$25.00 in a report on Wednesday, November 13th. Raymond James lifted their price target on shares of 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 raised their target price on shares of MAG Silver from C$24.00 to C$26.00 in a report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$25.08.

MAG Silver Price Performance

MAG stock opened at C$21.60 on Monday. The firm has a market cap of C$2.23 billion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 28.03. MAG Silver has a 1 year low of C$11.15 and a 1 year high of C$25.36. The stock has a 50-day simple moving average of C$21.63 and a 200-day simple moving average of C$19.01.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its quarterly earnings data 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 analysts predict that MAG Silver will post 1.2235023 earnings per share 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.