MAG Silver (MAG) has received a rating update from a Wall Street analyst today. Raymond James’ analyst Tara Hassan reiterates their Buy rating on the shares, with a C$19 price target.
Hassan has an average return of 10.8% when recommending MAG Silver.
According to TipRanks.com, Hassan is ranked #1326 out of 5228 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MAG Silver with a C$18.25 average price target, implying a 45.5% upside from current levels. In a report released yesterday, BMO Capital also reiterated a Buy rating on the stock with a C$17.50 price target.
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MAG Silver’s market cap is currently C$1.09B and has a P/E ratio of 0. The company has a Price to Book ratio of 3.85.
MAG Silver Corp. engages in the exploration, acquisition, and development of mineral properties. It focuses on silver projects located in the Mexican Silver Belt including Juanicipio and Cinco de Mayo in Mexico. The company was founded on April 21, 1999 and is headquartered in Vancouver, Canada.
The company’s shares closed on Wednesday at C$12.54.
