MAG Silver (NYSEAMERICAN:MAG) Issues Earnings Results

MAG Silver (NYSEAMERICAN:MAG) posted its earnings results on Friday. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02, Zacks reports.

MAG Silver Trading Down 5.8 %

NYSEAMERICAN MAG traded down $0.74 on Monday, hitting $11.93. 615,402 shares of the company’s stock traded hands, compared to its average volume of 769,217. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 22.63 and a beta of 1.12. MAG Silver has a 1-year low of $8.19 and a 1-year high of $14.30.

Wall Street Analyst Weigh In

MAG has been the subject of a number of research analyst reports. Scotiabank increased their price target on MAG Silver from $13.50 to $14.50 and gave the company a “sector outperform” rating in a research note on Thursday, May 23rd. Stifel Nicolaus lifted their target price on shares of MAG Silver from $20.25 to $20.50 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. HC Wainwright upped their price target on shares of MAG Silver from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday. Finally, Ventum Cap Mkts downgraded shares of MAG Silver from a “buy” rating to a “neutral” rating in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $19.13.

About MAG Silver

MAG Silver Corp. develops and explores for precious metal properties in Canada. It explores for silver, gold, lead, copper, and zinc deposits. The company's flagship property is the 44% owned Juanicipio property located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp. is headquartered in Vancouver, Canada.