The stock of MAG Silver Corp (TSE:MAG) is a huge mover today! About 80,900 shares traded hands. MAG Silver Corp (TSE:MAG) has risen 47.02% since March 10, 2016 and is uptrending. It has outperformed by 41.41% the S&P500.
The move comes after 8 months positive chart setup for the $1.39B company. It was reported on Oct, 17 by Barchart.com. We have $21.60 PT which if reached, will make TSE:MAG worth $291.90M more.
MAG Silver Corp (TSE:MAG) Ratings Coverage
Out of 2 analysts covering Mag Silver Corp (TSE:MAG), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $23.75 is the highest target while $10 is the lowest. The $16.94 average target is -5.10% below today’s ($17.85) stock price. Mag Silver Corp has been the topic of 5 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The rating was maintained by TD Securities on Wednesday, June 29 with “Hold”. TD Securities maintained the stock with “Hold” rating in Thursday, September 22 report.
More recent MAG Silver Corp (TSE:MAG) news were published by: Marketwatch.com which released: “MAG Silver Corp.” on November 09, 2010. Also Theglobeandmail.com published the news titled: “The Globe and Mail” on July 10, 2009. Marketwired.com‘s news article titled: “MAG Silver Announces US$65 Million Bought Deal Financing” with publication date: February 22, 2016 was also an interesting one.
MAG Silver Corp. is a mineral exploration and development company. The company has a market cap of $1.39 billion. The Firm is focused on the acquisition, exploration and development of projects located within the Mexican silver belt. It currently has negative earnings. The Firm operates through the exploration of mineral properties in Mexico segment.
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