Raymond James Reaffirms Outperform Rating for MAG Silver (TSE:MAG)


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Raymond James reiterated their outperform rating on shares of MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) in a report released on Monday morning, PriceTargets.com reports. Raymond James currently has a C$27.00 target price on the stock.

A number of other equities research analysts also recently weighed in on the company. TD Securities raised their price objective on MAG Silver from C$27.00 to C$30.00 and gave the company a hold rating in a research report on Thursday, January 7th. Canaccord Genuity raised their price target on shares of MAG Silver from C$22.25 to C$26.00 in a report on Tuesday, December 8th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. MAG Silver presently has a consensus rating of Buy and an average target price of C$24.46.

MAG Silver stock opened at C$20.41 on Monday. The company has a quick ratio of 231.37, a current ratio of 232.23 and a debt-to-equity ratio of 0.16. The firm has a market cap of C$1.94 billion and a P/E ratio of -99.56. The business has a fifty day moving average of C$21.76 and a two-hundred day moving average of C$22.73. MAG Silver has a twelve month low of C$11.75 and a twelve month high of C$31.21.

MAG Silver Company Profile

MAG Silver Corp. focuses on the acquisition, exploration, and development of mineral properties primarily in the Americas. The company explores for silver, gold, lead, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico.

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Analyst Recommendations for MAG Silver (TSE:MAG)

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