MAG Silver (MAG) Hits New 1-Year High at $14.90

MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$14.90 and last traded at C$14.88, with a volume of 169431 shares changing hands. The stock had previously closed at C$14.66.

MAG has been the topic of several recent analyst reports. BMO Capital Markets decreased their target price on shares of MAG Silver from C$23.00 to C$22.00 in a report on Wednesday, March 28th. Raymond James set a C$21.00 target price on shares of MAG Silver and gave the company an “outperform” rating in a report on Monday, February 5th. HC Wainwright raised their target price on shares of MAG Silver from C$18.50 to C$19.00 in a report on Tuesday, February 13th. Finally, National Bank Financial decreased their target price on shares of MAG Silver from C$21.00 to C$19.00 in a report on Friday, January 26th.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its earnings results on Monday, March 26th. The company reported C($0.06) EPS for the quarter.

About MAG Silver

MAG Silver Corp. focuses on acquiring, exploring, and development of mineral properties in Canada. It explores for copper, gold, silver, lead, and zinc deposits. The company primarily holds interests in the Juanicipio property covering 7,679 hectares located in the Fresnillo District, Zacatecas State, Mexico.

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