Shares of MAG Silver Corp. (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) have received a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$21.50.
Several brokerages recently issued reports on MAG. TD Securities raised their target price on shares of MAG Silver from C$22.00 to C$25.00 in a report on Friday. Stifel Nicolaus lifted their price objective on MAG Silver from C$21.25 to C$21.50 in a research note on Tuesday, August 6th.
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MAG Silver Stock Up 6.6 %
MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.27 by C$0.01. Equities analysts expect that MAG Silver will post 1.2235023 earnings per share for the current year.
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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