MAG Silver Corp. (NYSEAMERICAN:MAG – Get Free Report)’s share price rose 4% on Thursday after HC Wainwright raised their price target on the stock from $16.00 to $17.00. HC Wainwright currently has a buy rating on the stock. MAG Silver traded as high as $12.70 and last traded at $12.55. Approximately 459,136 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 849,838 shares. The stock had previously closed at $12.07.
MAG has been the topic of several other research reports. Scotiabank upgraded shares of MAG Silver from a “sector perform” rating to a “sector outperform” rating and dropped their price target for the stock from $15.00 to $13.50 in a research note on Thursday, March 28th. Stifel Nicolaus dropped their price target on shares of MAG Silver from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, March 20th. Finally, StockNews.com upgraded shares of MAG Silver to a “sell” rating in a research note on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, MAG Silver has an average rating of “Moderate Buy” and a consensus price target of $18.25.
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MAG Silver Stock Performance
The company has a market cap of $1.34 billion, a PE ratio of 27.60 and a beta of 1.15.
MAG Silver (NYSEAMERICAN:MAG – Get Free Report) last issued its quarterly earnings results on Tuesday, March 19th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Equities research analysts expect that MAG Silver Corp. will post 0.5 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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