MAG Silver Corp. (NYSEAMERICAN:MAG – Get Free Report)’s share price traded up 7.9% on Thursday after HC Wainwright raised their price target on the stock from $20.00 to $21.00. HC Wainwright currently has a buy rating on the stock. MAG Silver traded as high as $16.45 and last traded at $16.45. 209,683 shares traded hands during trading, a decline of 52% from the average session volume of 440,911 shares. The stock had previously closed at $15.25.
A number of other equities analysts have also recently issued reports on the company. StockNews.com upgraded MAG Silver from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Roth Mkm cut MAG Silver from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $17.00 to $17.50 in a report on Thursday, October 24th. Finally, Roth Capital downgraded MAG Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $18.63.
Check Out Our Latest Analysis on MAG
Hedge Funds Weigh In On MAG Silver
MAG Silver Stock Up 6.8 %
The company has a market cap of $1.68 billion, a PE ratio of 22.93 and a beta of 1.08.
MAG Silver (NYSEAMERICAN:MAG – Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. As a group, equities analysts forecast that MAG Silver Corp. will post 0.74 EPS for the current fiscal 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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