Shares of MAG Silver Corp. (NYSEAMERICAN:MAG – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the four brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $18.00.
Several research analysts have issued reports on the stock. HC Wainwright raised their price objective on shares of MAG Silver from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Scotiabank lifted their target price on shares of MAG Silver from $14.50 to $15.50 and gave the company a “sector outperform” rating in a report on Monday, August 19th.
Read Our Latest Stock Report on MAG Silver
Institutional Trading of MAG Silver
MAG Silver Trading Up 0.3 %
Shares of NYSEAMERICAN:MAG opened at $15.01 on Thursday. MAG Silver has a 12 month low of $8.19 and a 12 month high of $15.54. The firm has a market cap of $1.55 billion, a P/E ratio of 26.80 and a beta of 1.14.
MAG Silver (NYSEAMERICAN:MAG – Get Free Report) last announced its quarterly earnings results on Friday, August 2nd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. Equities analysts expect that MAG Silver will post 0.68 EPS for the current fiscal 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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