MAG Silver (NYSEAMERICAN:MAG) Trading Up 5.3%
Shares of MAG Silver Corp (NYSEAMERICAN:MAG) were up 5.3% during mid-day trading on Tuesday . The company traded as high as $11.76 and last traded at $11.74, approximately 460,000 shares changed hands during mid-day trading. An increase of 36% from the average daily volume of 338,884 shares. The stock had previously closed at $11.15.
A number of equities analysts recently issued reports on MAG shares. Zacks Investment Research raised MAG Silver from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective for the company in a report on Thursday, July 18th. HC Wainwright increased their price objective on MAG Silver from $16.50 to $18.50 and gave the stock a “buy” rating in a report on Monday, August 19th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $16.50.
MAG Silver (NYSEAMERICAN:MAG) last issued its quarterly earnings results on Monday, August 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01.
About MAG Silver (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.
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