MAG Silver Corp (MAG) Receives Consensus Recommendation of “Buy” from Analysts
MAG Silver Corp (NYSEAMERICAN:MAG) has been assigned an average recommendation of “Buy” from the ten brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, six have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $20.50.
MAG has been the topic of several research analyst reports. Roth Capital set a $22.00 target price on shares of MAG Silver and gave the company a “buy” rating in a research note on Monday, August 21st. Zacks Investment Research upgraded shares of MAG Silver from a “hold” rating to a “strong-buy” rating and set a $14.00 target price on the stock in a research note on Wednesday, August 23rd. HC Wainwright restated a “buy” rating and set a $18.50 target price on shares of MAG Silver in a research note on Wednesday, November 8th. Raymond James Financial restated an “outperform” rating on shares of MAG Silver in a research note on Tuesday, November 21st. Finally, BMO Capital Markets initiated coverage on shares of MAG Silver in a research note on Friday, November 17th. They set a “buy” rating on the stock.
Shares of MAG Silver (NYSEAMERICAN:MAG) opened at $10.81 on Thursday. MAG Silver has a 1 year low of $9.50 and a 1 year high of $16.78.
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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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