MAG Silver (NYSEAMERICAN:MAG) issued its quarterly earnings data on Monday. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.01, Fidelity Earnings reports.
Shares of MAG opened at $11.79 on Wednesday. MAG Silver has a 1 year low of $6.12 and a 1 year high of $12.95.
A number of brokerages have recently weighed in on MAG. HC Wainwright set a $17.00 target price 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 target price for the company in a research note on Thursday, July 18th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $16.00.
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.
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