Shares of MAG Silver Corp (NYSEAMERICAN:MAG) traded down 5.2% during mid-day trading on Tuesday . The stock traded as low as $11.74 and last traded at $11.79, 603,279 shares traded hands during mid-day trading. An increase of 93% from the average session volume of 312,232 shares. The stock had previously closed at $12.44.
Several equities analysts recently weighed in on the company. HC Wainwright set a $17.00 price target on MAG Silver and gave the company a “buy” rating in a research note on Tuesday, May 14th. Zacks Investment Research upgraded MAG Silver from a “hold” rating to a “strong-buy” rating and set a $12.00 price target for the company in a research note on Thursday, July 18th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $16.00.
MAG Silver (NYSEAMERICAN:MAG) last posted its quarterly earnings results on Monday, August 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01.
MAG Silver Company Profile (NYSEAMERICAN:MAG)
MAG Silver Corp. focuses on acquiring, exploring, and development of mineral properties in Mexico. It explores for silver, gold, lead, and zinc deposits. The company primarily holds interest in the Juanicipio property covering an area of approximately 7,679 hectares located in the Fresnillo District, Zacatecas State, Mexico.
Receive News & Ratings for MAG Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MAG Silver and related companies with MarketBeat.com's FREE daily email newsletter.