BMO Capital Markets Boosts MAG Silver (TSE:MAG) Price Target to C$26.00

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price target lifted by BMO Capital Markets from C$24.00 to C$26.00 in a research note issued on Friday, BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 7.17% from the company’s previous close.

Several other equities analysts also recently commented on the stock. Stifel Nicolaus increased their target price on shares of MAG Silver from C$21.50 to C$25.00 in a research report on Monday. Roth Capital lowered MAG Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday. TD Securities boosted their target price on MAG Silver from C$22.00 to C$25.00 in a report on Friday, October 18th. Finally, Raymond James increased their price target on MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$23.06.

MAG Silver Stock Down 1.8 %

Shares of TSE MAG traded down C$0.45 during trading hours on Friday, hitting C$24.26. The stock had a trading volume of 149,368 shares, compared to its average volume of 217,722. The firm’s 50-day moving average price is C$19.32 and its two-hundred day moving average price is C$18.03. MAG Silver has a 52 week low of C$11.15 and a 52 week high of C$24.88. The company has a market capitalization of C$2.50 billion, a P/E ratio of 30.71, a P/E/G 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 (TSE:MAG) (NYSEAMERICAN:MAG) last posted its earnings results on Thursday, August 1st. The company reported C$0.28 EPS for the quarter, topping the consensus estimate of C$0.27 by C$0.01. Analysts anticipate 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.