MAG Silver (NYSEAMERICAN:MAG) issued its quarterly earnings data on Tuesday. The company reported $0.00 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.02, Zacks reports.
Shares of MAG Silver traded up $0.14, reaching $11.47, during midday trading on Thursday, MarketBeat Ratings reports. 29,971 shares of the company’s stock traded hands, compared to its average volume of 256,206. MAG Silver has a 1 year low of $11.05 and a 1 year high of $11.18.
A number of equities research analysts have recently commented on MAG shares. Zacks Investment Research cut shares of MAG Silver from a “hold” rating to a “sell” rating in a research note on Saturday, March 31st. HC Wainwright set a $19.00 price objective on shares of MAG Silver and gave the stock a “buy” rating in a research note on Wednesday, March 28th. Two analysts have rated the stock with a sell rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $15.63.
MAG Silver Corp., an exploration and development company, focuses on acquiring, exploring, and development of district scale projects located in the Mexican Silver Belt. It explores for copper, gold, silver, lead, and zinc deposits. The company's principal asset is the Juanicipio property comprising a single concession covering 7,679.21 hectares located in central Zacatecas State, Mexico.
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