MAG Silver Corp (MAG) Forecasted to Post FY2020 Earnings of $0.77 Per Share
MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG) – Investment analysts at National Bank Financial cut their FY2020 earnings estimates for MAG Silver in a research report issued on Wednesday. National Bank Financial analyst S. Nagle now expects that the company will earn $0.77 per share for the year, down from their prior forecast of $0.96. National Bank Financial currently has a “Outperform” rating and a $21.00 target price on the stock.
MAG has been the topic of several other reports. Scotiabank dropped their price objective on shares of MAG Silver from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a report on Wednesday, November 15th. HC Wainwright reaffirmed a “buy” rating on shares of MAG Silver in a report on Wednesday, November 8th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$22.83.
In other MAG Silver news, insider Michael John Curlook acquired 22,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were acquired at an average cost of C$13.80 per share, with a total value of C$303,600.00.
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About MAG Silver
MAG Silver Corp. is a mineral exploration and development company. The Company is focused on the acquisition, exploration and development of projects located within the Mexican silver belt. The Company operates through the exploration of mineral properties in Mexico segment. The Company’s projects include Juanicipio Property, Cinco De Mayo Property and Guigui Property.
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