Panmure Gordon Increases MAG Silver (TSE:MAG) Price Target to C$27.10

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price objective raised by equities research analysts at Panmure Gordon from C$26.40 to C$27.10 in a research note issued to investors on Friday,BayStreet.CA reports. Panmure Gordon’s price objective would indicate a potential upside of 24.31% from the company’s previous close.

Several other analysts also recently commented on MAG. Roth Capital downgraded shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Stifel Nicolaus increased their target price on MAG Silver from C$21.50 to C$25.00 in a report on Monday, October 21st. 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. Raymond James lifted their price objective on 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. Finally, TD Securities increased their target price on MAG Silver from C$22.00 to C$25.00 in a report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, MAG Silver currently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.01.

MAG Silver Price Performance

Shares of TSE:MAG traded down C$0.05 on Friday, reaching C$21.80. 93,615 shares of the company traded hands, compared to its average volume of 223,010. The company’s 50 day moving average is C$21.27 and its 200-day moving average is C$18.85. The stock has a market capitalization of C$2.25 billion, a PE ratio of 27.56, 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 current ratio of 28.03 and a quick ratio of 25.31. MAG Silver has a fifty-two week low of C$11.15 and a fifty-two week high of C$25.36.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced its quarterly earnings data on Tuesday, November 12th. The company reported C$0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.28 by C$0.02. As a group, analysts anticipate 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.