What’s Ahead for MAG Silver Corp After Today’s Huge Decline?

 What's Ahead for MAG Silver Corp After Today's Huge Decline?

The stock of MAG Silver Corp (TSE:MAG) is a huge mover today! About 124,742 shares traded hands. MAG Silver Corp (TSE:MAG) has risen 69.49% since March 31, 2016 and is uptrending. It has outperformed by 68.40% the S&P500.
The move comes after 5 months negative chart setup for the $1.58 billion company. It was reported on Nov, 4 by Barchart.com. We have $18.13 PT which if reached, will make TSE:MAG worth $142.20 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. $23.75 is the highest target while $10 is the lowest. The $16.94 average target is -14.96% below today’s ($19.92) 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 stock of MAG Silver Corp (TSE:MAG) has “Hold” rating given on Thursday, September 22 by TD Securities.

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 $1.58 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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