Raymond James Raises MAG Silver (TSE:MAG) Price Target to C$27.00

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) had its price target raised by investment analysts at Raymond James from C$26.00 to C$27.00 in a report issued on Tuesday,BayStreet.CA reports. Raymond James’ price objective points to a potential upside of 17.96% from the company’s previous close. Raymond James also issued estimates for MAG Silver’s FY2025 earnings at $1.33 EPS.

A number of other research firms have also issued reports on MAG. Stifel Nicolaus upped their target price on MAG Silver from C$25.00 to C$25.50 in a research note on Monday, November 25th. TD Securities upgraded shares of MAG Silver to a “strong-buy” rating in a report on Monday, March 10th. Finally, CIBC lifted their price target on shares of MAG Silver from C$25.00 to C$26.00 in a report on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong 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 price target of C$25.58.

MAG Silver Stock Performance

TSE:MAG opened at C$22.89 on Tuesday. MAG Silver has a twelve month low of C$12.40 and a twelve month high of C$25.36. The company has a market capitalization of C$1.66 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The company has a current ratio of 32.55, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of C$22.57 and a two-hundred day moving average price of C$21.45.

About MAG Silver

MAG Silver Corp is a Canadian mining company. It is focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district-scale, silver-dominant projects in the Americas. Its principal focus and asset are the Juanicipio Project (44%), being developed in a JV partnership with Fresnillo Plc (56%).