Raymond James Lowers MAG Silver (MAG) Price Target to C$19.00

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MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price objective cut by equities research analysts at Raymond James from C$21.00 to C$19.00 in a report issued on Friday. Raymond James’ price objective indicates a potential upside of 92.50% from the stock’s previous close.

Shares of TSE MAG opened at C$9.87 on Friday. MAG Silver has a 52-week low of C$8.10 and a 52-week high of C$15.59.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued its quarterly earnings data on Tuesday, November 13th. The company reported C$0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C($0.02) by C$0.03. On average, analysts forecast that MAG Silver will post -0.05 earnings per share for the current fiscal year.

About MAG Silver

MAG Silver Corp. focuses on acquiring, exploring, and development of mineral properties in Canada. It explores for copper, gold, silver, lead, and zinc deposits. The company primarily holds interests in the Juanicipio property covering 7,679 hectares located in the Fresnillo District, Zacatecas State, Mexico.

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