MAG Silver Corp (NYSEAMERICAN:MAG) – Research analysts at National Bank Financial lifted their FY2017 EPS estimates for shares of MAG Silver in a note issued to investors on Wednesday. National Bank Financial analyst S. Nagle now anticipates that the company will earn ($0.04) per share for the year, up from their previous forecast 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.
Several other brokerages have also recently weighed in on MAG. HC Wainwright restated a “buy” rating and issued a $18.50 price target on shares of MAG Silver in a research report on Wednesday, November 8th. Zacks Investment Research cut shares of MAG Silver from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Roth Capital set a $22.00 price target on shares of MAG Silver and gave the stock a “buy” rating in a research report on Monday, August 21st. BidaskClub cut shares of MAG Silver from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 15th. Finally, Raymond James Financial restated an “outperform” rating on shares of MAG Silver in a research report on Tuesday, November 21st. Two research analysts have rated the stock with a sell rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $16.60.
MAG Silver (NYSEAMERICAN MAG) opened at $10.93 on Monday. MAG Silver has a 1-year low of $9.50 and a 1-year high of $16.78.
Hedge funds have recently bought and sold shares of the business. Stifel Financial Corp bought a new position in MAG Silver during the third quarter valued at $137,000. Quantbot Technologies LP bought a new position in MAG Silver during the second quarter valued at $183,000. BlueCrest Capital Management Ltd bought a new position in MAG Silver during the second quarter valued at $196,000. Sigma Planning Corp bought a new position in MAG Silver during the second quarter valued at $203,000. Finally, Goldman Sachs Group Inc. bought a new position in MAG Silver during the first quarter valued at $242,000.
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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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