News articles about MAG Silver Corp (NYSE:MAG) have trended somewhat positive on Thursday, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MAG Silver Corp earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave news coverage about the industrial goods maker an impact score of 46.4559962486915 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of MAG Silver Corp (MAG) traded down 2.57% during trading on Thursday, reaching $10.60. The company had a trading volume of 258,245 shares. The company’s market capitalization is $856.44 million. The stock’s 50-day moving average price is $11.73 and its 200-day moving average price is $12.35. MAG Silver Corp has a 52 week low of $9.50 and a 52 week high of $16.78.
Several equities research analysts have commented on the company. Zacks Investment Research cut MAG Silver Corp from a “buy” rating to a “hold” rating in a research note on Thursday. Roth Capital set a $22.00 price target on MAG Silver Corp and gave the stock a “buy” rating in a research note on Monday, August 21st. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.50.
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About MAG Silver Corp
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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