Shares of MAG Silver Corp. (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$21.17.
Several brokerages have recently issued reports on MAG. Stifel Nicolaus lifted their price target on MAG Silver from C$21.25 to C$21.50 in a research report on Tuesday, August 6th. TD Securities raised their target price on MAG Silver from C$21.00 to C$22.00 in a research note on Monday, July 22nd.
View Our Latest Stock Report on MAG Silver
MAG Silver Stock Performance
MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.27 by C$0.01. On average, research analysts predict that MAG Silver will post 1.2235023 EPS for the current year.
About MAG Silver
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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