MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price objective reduced by research analysts at National Bankshares from C$27.00 to C$26.25 in a research report issued on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 8.65% from the company’s previous close.
A number of other equities research analysts have also issued reports on the company. CIBC upped their target price on MAG Silver from C$27.00 to C$29.00 and gave the company a “neutral” rating in a research note on Wednesday. Raymond James reissued an “outperform” rating and set a C$26.50 price target on shares of MAG Silver in a research note on Thursday, April 29th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. MAG Silver presently has a consensus rating of “Buy” and a consensus target price of C$24.74.
MAG stock opened at C$24.16 on Thursday. MAG Silver has a 1 year low of C$15.34 and a 1 year high of C$31.21. The company has a debt-to-equity ratio of 0.15, a quick ratio of 105.33 and a current ratio of 105.90. The stock’s 50 day moving average price is C$22.22 and its 200 day moving average price is C$22.71. The firm has a market cap of C$2.29 billion and a P/E ratio of -254.32.
MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its earnings results on Wednesday, March 31st. The company reported C$0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.02) by C$0.17. On average, research analysts predict that MAG Silver will post 1.43 earnings per share for the current year.
About MAG Silver
MAG Silver Corp. engages in the exploration and development of silver mining properties. It also explores for gold, lead, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. The company was incorporated in 2003 and is headquartered in Vancouver, Canada.
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