MAG Silver (NYSEAMERICAN:MAG – Get Free Report) is projected to issue its quarterly earnings data before the market opens on Tuesday, March 18th. Analysts expect the company to announce earnings of $0.24 per share and revenue of $22.00 million for the quarter.
MAG Silver Stock Down 5.2 %
NYSEAMERICAN:MAG opened at $14.18 on Tuesday. The stock’s 50-day simple moving average is $15.09. The company has a market cap of $1.47 billion, a P/E ratio of 19.97 and a beta of 1.09. MAG Silver has a 52 week low of $8.94 and a 52 week high of $18.27.
Analyst Upgrades and Downgrades
Separately, HC Wainwright restated a “buy” rating and issued a $21.00 price objective on shares of MAG Silver in a research report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $18.63.
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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