Somewhat Favorable News Coverage Somewhat Unlikely to Impact MAG Silver Corp (MAG) Stock Price

News articles about MAG Silver Corp (NYSE:MAG) have trended somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MAG Silver Corp earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned press coverage about the industrial goods maker an impact score of 46.3290820171302 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

MAG Silver Corp (MAG) opened at 10.73 on Monday. The stock has a 50 day moving average of $11.62 and a 200 day moving average of $12.31. MAG Silver Corp has a 12-month low of $9.50 and a 12-month high of $16.78. The firm’s market cap is $866.94 million.

Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of MAG Silver Corp from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Friday. Roth Capital set a $22.00 price target on shares of MAG Silver Corp and gave the company a “buy” rating in a report on Monday, August 21st. Five equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $16.00.

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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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