MAG Silver (TSE:MAG) Price Target Raised to C$26.00 at CIBC

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price target hoisted by CIBC from C$25.00 to C$26.00 in a research report released on Monday,BayStreet.CA reports.

A number of other equities research analysts have also recently issued reports on the stock. TD Securities increased their target price on shares of MAG Silver from C$22.00 to C$25.00 in a research report on Friday, October 18th. Raymond James raised 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 report on Thursday, October 24th. Panmure Gordon raised their price objective on shares of MAG Silver from C$26.40 to C$27.10 in a research report on Friday, November 22nd. BMO Capital Markets raised their price objective on shares of MAG Silver from C$24.00 to C$26.00 in a research report on Friday, October 25th. Finally, Stifel Nicolaus raised their price objective on shares of MAG Silver from C$25.00 to C$25.50 in a research report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, MAG Silver presently has an average rating of “Moderate Buy” and a consensus target price of C$25.20.

MAG Silver Trading Down 2.1 %

Shares of MAG Silver stock opened at C$21.88 on Monday. The stock has a market capitalization of C$2.26 billion, a P/E ratio of 27.70, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. 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 company has a 50-day simple moving average of C$21.83 and a 200 day simple moving average of C$19.13. MAG Silver has a 12-month low of C$11.15 and a 12-month high of C$25.36.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced its earnings results on Tuesday, November 12th. The company reported C$0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.02. Research analysts expect that MAG Silver will post 1.2235023 earnings per share for the current fiscal year.

MAG Silver Company Profile

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.