The stock of MAG Silver Corp (TSE:MAG) is a huge mover today! About 61,057 shares traded hands. MAG Silver Corp (TSE:MAG) has risen 61.65% since March 14, 2016 and is uptrending. It has outperformed by 56.10% the S&P500.
The move comes after 6 months negative chart setup for the $1.53 billion company. It was reported on Oct, 19 by Barchart.com. We have $17.12 PT which if reached, will make TSE:MAG worth $137.70 million less.
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. Mag Silver Corp has been the topic of 5 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The stock of MAG Silver Corp (TSE:MAG) has “Hold” rating given on Thursday, September 22 by TD Securities. TD Securities maintained the stock with “Hold” rating in Wednesday, June 29 report.
More recent MAG Silver Corp (TSE:MAG) news were published by: Theglobeandmail.com which released: “The Globe and Mail” on November 29, 2011. Also Marketwatch.com published the news titled: “MAG Silver Corp.” on November 09, 2010. 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 $1.53 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.