MAG Silver (TSE:MAG) Price Target Lowered to C$19.50 at Raymond James

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price objective cut by equities research analysts at Raymond James from C$21.00 to C$19.50 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ target price would suggest a potential upside of 37.03% from the company’s current price.

MAG has been the subject of a number of other reports. Stifel Nicolaus upped their target price on shares of MAG Silver from C$19.00 to C$19.50 and gave the company a “buy” rating in a report on Thursday. TD Securities cut their price objective on shares of 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. Finally, BMO Capital Markets cut their price objective on MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, MAG Silver presently has an average rating of “Moderate Buy” and an average target price of C$19.69.

MAG Silver Stock Performance

Shares of MAG Silver stock traded up C$0.83 during trading hours on Thursday, reaching C$14.23. 376,933 shares of the stock traded hands, compared to its average volume of 222,021. MAG Silver has a one year low of C$11.15 and a one year high of C$19.28. The firm has a market capitalization of C$1.47 billion, a price-to-earnings ratio of 33.67, a P/E/G ratio of 0.84 and a beta of 1.00. The company has a quick ratio of 25.31, a current ratio of 15.04 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average price of C$12.15 and a 200 day moving average price of C$13.59.

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.