MAG Silver Corp (MAG) Getting Somewhat Critical News Coverage, Study Finds

Media stories about MAG Silver Corp (NYSE:MAG) have been trending somewhat negative recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MAG Silver Corp earned a media sentiment score of -0.02 on Accern’s scale. Accern also assigned press coverage about the industrial goods maker an impact score of 85 out of 100, indicating that recent media coverage is very likely to have an effect on the stock’s share price in the near future.

Here are some of the headlines that may have impacted Accern’s rankings:

Shares of MAG Silver Corp (MAG) traded down 0.31% on Friday, hitting $12.81. 346,024 shares of the stock traded hands. The company’s market cap is $1.03 billion. MAG Silver Corp has a 12 month low of $9.50 and a 12 month high of $18.12. The firm’s 50 day moving average is $12.99 and its 200-day moving average is $13.31.

MAG has been the topic of several recent research reports. Zacks Investment Research raised shares of MAG Silver Corp from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Wednesday, July 19th. BMO Capital Markets raised shares of MAG Silver Corp from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $18.00 to $9.50 in a research note on Friday, May 26th. Two analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $15.25.

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About MAG Silver Corp

MAG Silver Corp. is a mineral exploration and development company. The Company is focused on the acquisition, exploration and development of projects located within the Mexican silver belt. The Company operates through the exploration of mineral properties in Mexico segment. The Company’s projects include Juanicipio Property, Cinco De Mayo Property and Guigui Property.

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