FY2017 EPS Estimates for MAG Silver Corp (MAG) Lifted by Analyst
MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG) – Analysts at National Bank Financial raised their FY2017 EPS estimates for MAG Silver in a note issued to investors on Wednesday. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of ($0.05) per share for the year, up from their previous estimate of ($0.06). National Bank Financial currently has a “Outperform” rating and a $21.00 target price on the stock. National Bank Financial also issued estimates for MAG Silver’s FY2018 earnings at ($0.06) EPS, FY2019 earnings at ($0.05) EPS and FY2021 earnings at $1.43 EPS.
MAG has been the subject of several other research reports. Scotiabank decreased their price target on shares of MAG Silver from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research note on Wednesday, November 15th. HC Wainwright reaffirmed a “buy” rating on shares of MAG Silver in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of C$22.83.
In related news, insider Michael John Curlook purchased 22,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was purchased at an average price of C$13.80 per share, with a total value of C$303,600.00.
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MAG Silver Company Profile
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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