Stifel Nicolaus Boosts MAG Silver (TSE:MAG) Price Target to C$19.50

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price target upped by stock analysts at Stifel Nicolaus from C$19.00 to C$19.50 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 37.03% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Raymond James upped their price target on shares of MAG Silver from C$21.00 to C$21.50 in a report on Friday, January 12th. BMO Capital Markets lowered their target price on MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. Finally, TD Securities reduced their price target on MAG Silver from C$20.00 to C$18.00 and set a “buy” rating for the company in a research report on Wednesday, March 20th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$19.69.

MAG Silver Stock Performance

Shares of TSE:MAG traded up C$0.83 during trading on Thursday, hitting C$14.23. The stock had a trading volume of 376,933 shares, compared to its average volume of 222,021. The company has a quick ratio of 25.31, a current ratio of 15.04 and a debt-to-equity ratio of 0.03. MAG Silver has a 12-month low of C$11.15 and a 12-month high of C$19.28. The stock has a 50-day simple moving average of C$12.15 and a two-hundred day simple moving average of C$13.59. The stock has a market capitalization of C$1.47 billion, a price-to-earnings ratio of 33.67, a price-to-earnings-growth ratio of 0.84 and a beta of 1.00.

MAG Silver Company Profile

MAG Silver Corp. engages in the exploration and development of precious metal mining properties. The company explores for silver, gold, lead, copper, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp.