Could MAG Silver Corp Change Direction After Today’s Huge Increase?

 Could MAG Silver Corp Change Direction After Today's Huge Increase?

The stock of MAG Silver Corp (TSE:MAG) is a huge mover today! About 52,999 shares traded hands. MAG Silver Corp (TSE:MAG) has risen 62.24% since March 28, 2016 and is uptrending. It has outperformed by 59.23% the S&P500.
The move comes after 7 months positive chart setup for the $1.65B company. It was reported on Nov, 1 by Barchart.com. We have $30.19 PT which if reached, will make TSE:MAG worth $808.50M 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 -16.39% below today’s ($20.26) 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 with “Hold” on Wednesday, June 29. The rating was maintained by TD Securities with “Hold” on Thursday, September 22.

More news for MAG Silver Corp (TSE:MAG) were recently published by: Marketwatch.com, which released: “MAG Silver Corp.” on November 09, 2010. Theglobeandmail.com‘s article titled: “The Globe and Mail” and published on November 29, 2011 is yet another important article.

MAG Silver Corp. is a mineral exploration and development company. The company has a market cap of $1.65 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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