MAG Silver Corp. (NYSEAMERICAN:MAG – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $19.38.
MAG has been the subject of a number of recent research reports. Stifel Nicolaus increased their price objective on MAG Silver from $20.25 to $20.50 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Scotiabank increased their price objective on MAG Silver from $14.50 to $15.50 and gave the company a “sector outperform” rating in a research report on Monday. HC Wainwright increased their price objective on MAG Silver from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, Ventum Cap Mkts downgraded MAG Silver from a “buy” rating to a “neutral” rating in a research report on Friday, May 3rd.
Read Our Latest Stock Analysis on MAG
Institutional Trading of MAG Silver
MAG Silver Price Performance
MAG opened at $13.59 on Wednesday. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 24.27 and a beta of 1.12. MAG Silver has a 1-year low of $8.19 and a 1-year high of $14.30.
MAG Silver (NYSEAMERICAN:MAG – Get Free Report) last released its earnings results on Friday, August 2nd. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. On average, analysts predict that MAG Silver will post 0.65 EPS for the current fiscal 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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