MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) had its target price hoisted by stock analysts at BMO Capital Markets from C$24.00 to C$26.00 in a report issued on Friday, BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 7.17% from the stock’s current price.
MAG has been the topic of several other reports. Stifel Nicolaus lifted their price target on MAG Silver from C$21.50 to C$25.00 in a research report on Monday. Roth Capital lowered MAG Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday. Raymond James upped their price target on shares of MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a report on Thursday. Finally, TD Securities lifted their price objective on shares of MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, MAG Silver presently has an average rating of “Moderate Buy” and a consensus target price of C$23.06.
Read Our Latest Stock Report on MAG
MAG Silver Stock Performance
MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.28 earnings per share for the quarter, topping the consensus estimate of C$0.27 by C$0.01. On average, equities analysts forecast that MAG Silver will post 1.2235023 EPS for the current year.
MAG Silver Company Profile
MAG Silver Corp. develops and explores for precious metal properties in Canada. It explores for silver, gold, lead, copper, and zinc deposits. The company’s flagship property is the 44% owned Juanicipio property located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp. is headquartered in Vancouver, Canada.
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