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MAG Silver Corp (NYSE:MVG) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 723,525 shares, a growth of 92.1% from the June 30th total of 376,652 shares, Analyst Ratings reports. Based on an average trading volume of 38,408 shares, the days-to-cover ratio is currently 18.8 days. Currently, 1.4% of the shares of the company are sold short.

Several analysts have recently commented on the stock. Analysts at BMO Capital Markets reiterated an “outperform” rating on shares of MAG Silver Corp in a research note on Thursday, July 17th. Separately, analysts at Pi Financial downgraded shares of MAG Silver Corp from a “buy” rating to a “neutral” rating in a research note on Monday, July 7th. Finally, analysts at TD Securities initiated coverage on shares of MAG Silver Corp in a research note on Thursday, June 19th. They set a “speculative buy” rating and a C$14.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. MAG Silver Corp currently has a consensus rating of “Buy” and an average target price of $10.68.

MAG Silver Corp (NYSE:MVG) remained flat at $8.83 during trading on Thursday. 20,425 shares of the company’s stock traded hands. MAG Silver Corp has a 52 week low of $4.87 and a 52 week high of $10.64. The stock’s 50-day moving average is $9.2 and its 200-day moving average is $7.7. The company’s market cap is $532.3 million.

MAG Silver Corp. is focused on advancing two projects located within the Mexican Silver Belt. Currently, it is in pre-development on the high grade Valdecanas Silver vein and delineating the Desprendido and Juanicipio discoveries in Zacatecas State, all within the joint venture between MAG Silver (NYSE:MVG) and Fresnillo PLC (56%).

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