MAG Silver Corp (NYSEAMERICAN:MAG) – National Bank Financial raised their FY2017 earnings per share (EPS) estimates for shares of MAG Silver in a research note issued on Wednesday. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of ($0.04) per share for the year, up from their previous estimate of ($0.05). National Bank Financial also issued estimates for MAG Silver’s FY2018 earnings at ($0.05) EPS, FY2019 earnings at ($0.04) EPS and FY2021 earnings at $1.12 EPS.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised MAG Silver from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a report on Wednesday, August 23rd. HC Wainwright reissued a “buy” rating and issued a $18.50 price objective on shares of MAG Silver in a report on Wednesday, November 8th. BMO Capital Markets initiated coverage on MAG Silver in a report on Friday, November 17th. They issued an “outperform” rating for the company. BidaskClub cut MAG Silver from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 15th. Finally, Raymond James Financial restated an “outperform” rating on shares of MAG Silver in a research note on Tuesday, November 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a buy rating and two have issued a strong buy rating to the company. MAG Silver has a consensus rating of “Buy” and an average target price of $16.60.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in MAG Silver by 10.4% during 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 during the period. UBS Asset Management Americas Inc. increased its position in MAG Silver by 12.5% during 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 during the period. Edmond DE Rothschild Holding S.A. increased its position in MAG Silver by 10.8% during 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 during the period. Oppenheimer & Co. Inc. increased its position in MAG Silver by 2.1% during 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 during the period. Finally, GRT Capital Partners L.L.C. increased its position in MAG Silver by 32.1% during 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 during the period.
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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