Shares of MAG Silver Corp. (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$22.22 and last traded at C$21.68, with a volume of 78232 shares trading hands. The stock had previously closed at C$21.71.
Analysts Set New Price Targets
Several research firms have recently commented on MAG. TD Securities upped their price target on shares of MAG Silver from C$22.00 to C$25.00 in a research report on Friday. Stifel Nicolaus boosted their target price on shares of MAG Silver from C$21.25 to C$21.50 in a research note on Tuesday, August 6th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$21.50.
View Our Latest Stock Report on MAG Silver
MAG Silver Price Performance
MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) last announced its earnings results on Thursday, August 1st. The company reported C$0.28 earnings per share for the quarter, beating the consensus estimate of C$0.27 by C$0.01. As a group, research analysts predict that MAG Silver Corp. will post 1.2235023 earnings per share 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.
Read More
- Five stocks we like better than MAG Silver
- The 3 Best Retail Stocks to Shop for in August
- Survey Reveals: America’s Most Coveted Businesses in 2024
- What is MarketRank™? How to Use it
- Top 3 Stocks to Play Oil’s Potential Comeback Rally
- 3 Stocks to Consider Buying in October
- Analysts See Growth in CrowdStrike Stock Despite July Setback
Receive News & Ratings for MAG Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MAG Silver and related companies with MarketBeat.com's FREE daily email newsletter.