Shares of MAG Silver Corp (NYSEAMERICAN:MAG) have earned an average recommendation of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $17.75.
A number of analysts recently issued reports on MAG shares. Raymond James reissued an “average” rating and set a $19.00 price target on shares of MAG Silver in a report on Wednesday, March 6th. HC Wainwright reissued a “buy” rating and set a $16.50 price target on shares of MAG Silver in a report on Thursday, March 7th. Zacks Investment Research downgraded shares of MAG Silver from a “buy” rating to a “hold” rating in a report on Saturday, March 2nd. Roth Capital restated a “buy” rating on shares of MAG Silver in a research report on Wednesday, March 6th. Finally, BMO Capital Markets restated a “buy” rating on shares of MAG Silver in a research report on Monday, December 17th.
NYSEAMERICAN MAG traded up $0.26 during mid-day trading on Friday, reaching $10.79. 74,836 shares of the stock were exchanged, compared to its average volume of 287,450. MAG Silver has a 1 year low of $6.12 and a 1 year high of $12.00.
About MAG Silver
MAG Silver Corp. focuses on acquiring, exploring, and development of mineral properties in Canada. It explores for copper, gold, silver, lead, and zinc deposits. The company primarily holds interests in the Juanicipio property covering 7,679 hectares located in the Fresnillo District, Zacatecas State, Mexico.
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