MAG Silver Corp (MAG) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of MAG Silver Corp (NYSE:MAG) from a hold rating to a buy rating in a report issued on Friday. The firm currently has $12.00 price target on the industrial goods maker’s stock.

According to Zacks, “MAG is focused on district scale projects located within the Mexican Silver Belt. Our mission is to become one of the premier companies in the Silver Mining Industry. MAG and its partner, Industrias Penoles, are delineating a significant new silver vein discovery on the Juanicipio Joint Venture in Zacatecas State, Mexico. MAG is based in Vancouver, British Columbia, Canada. “

Separately, Roth Capital set a $22.00 price objective on MAG Silver Corp and gave the company a buy rating in a research report on Monday, August 21st. Five investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $16.00.

Shares of MAG Silver Corp (NYSE MAG) traded up 1.21% during midday trading on Friday, reaching $10.86. The company’s stock had a trading volume of 56,103 shares. The stock has a 50-day moving average price of $11.62 and a 200 day moving average price of $12.31. The stock’s market capitalization is $877.44 million. MAG Silver Corp has a 52 week low of $9.50 and a 52 week high of $16.78.

COPYRIGHT VIOLATION NOTICE: This report was published by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The legal version of this report can be read at https://www.com-unik.info/2017/10/30/mag-silver-corp-mag-raised-to-buy-at-zacks-investment-research.html.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in MAG Silver Corp by 10.4% during the second quarter. Vanguard Group Inc. now owns 22,465 shares of the industrial goods maker’s stock valued at $301,000 after buying an additional 2,111 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in MAG Silver Corp by 12.5% during the second quarter. UBS Asset Management Americas Inc. now owns 25,159 shares of the industrial goods maker’s stock valued at $328,000 after buying an additional 2,800 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its holdings in MAG Silver Corp by 10.8% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 41,000 shares of the industrial goods maker’s stock valued at $536,000 after buying an additional 4,000 shares in the last quarter. GRT Capital Partners L.L.C. raised its holdings in MAG Silver Corp by 32.1% during the second quarter. GRT Capital Partners L.L.C. now owns 23,842 shares of the industrial goods maker’s stock valued at $311,000 after buying an additional 5,800 shares in the last quarter. Finally, TD Asset Management Inc. raised its holdings in MAG Silver Corp by 1.5% during the second quarter. TD Asset Management Inc. now owns 419,491 shares of the industrial goods maker’s stock valued at $5,469,000 after buying an additional 6,400 shares in the last quarter.

MAG Silver Corp Company Profile

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.

Get a free copy of the Zacks research report on MAG Silver Corp (MAG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for MAG Silver Corp (NYSE:MAG)

What are top analysts saying about MAG Silver Corp? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for MAG Silver Corp and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit