MAG Silver Corp (NYSEAMERICAN:MAG) – Research analysts at National Bank Financial decreased their FY2020 earnings per share estimates for MAG Silver in a report issued on Wednesday. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings per share of $0.60 for the year, down from their previous forecast of $0.75.

Several other research analysts have also commented on the stock. Zacks Investment Research raised shares of MAG Silver from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a research note on Wednesday, August 23rd. HC Wainwright reiterated a “buy” rating and issued a $18.50 price target on shares of MAG Silver in a research note on Wednesday, November 8th. BMO Capital Markets assumed coverage on shares of MAG Silver in a research note on Friday, November 17th. They issued an “outperform” rating for the company. BidaskClub downgraded shares of MAG Silver from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 15th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of MAG Silver in a research note on Tuesday, November 21st. Two research analysts have rated the stock with a sell rating, six have issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $16.60.

Shares of MAG Silver (MAG) opened at $10.65 on Friday. MAG Silver has a 12-month low of $9.50 and a 12-month high of $16.78.

Several hedge funds and other institutional investors have recently modified their holdings of MAG. Vanguard Group Inc. boosted its position in shares of MAG Silver by 10.4% in the 2nd quarter. Vanguard Group Inc. now owns 22,465 shares of the company’s stock worth $301,000 after buying an additional 2,111 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of MAG Silver by 12.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 25,159 shares of the company’s stock worth $328,000 after buying an additional 2,800 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its position in shares of MAG Silver by 10.8% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 41,000 shares of the company’s stock worth $536,000 after buying an additional 4,000 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of MAG Silver by 2.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 216,035 shares of the company’s stock worth $2,426,000 after buying an additional 4,384 shares in the last quarter. Finally, GRT Capital Partners L.L.C. boosted its position in shares of MAG Silver by 32.1% in the 2nd quarter. GRT Capital Partners L.L.C. now owns 23,842 shares of the company’s stock worth $311,000 after buying an additional 5,800 shares in the last quarter.

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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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