MAG Silver Corp (NYSEAMERICAN:MAG) – Research analysts at National Bank Financial decreased their FY2020 EPS estimates for shares of MAG Silver in a research report issued on Wednesday. National Bank Financial analyst S. Nagle now expects that the company will post earnings per share of $0.60 for the year, down from their previous estimate of $0.75.
Several other equities research analysts have also commented on the stock. BMO Capital Markets initiated coverage on shares of MAG Silver in a research note on Friday, November 17th. They set a “buy” rating on the stock. HC Wainwright set a $19.00 price objective on shares of MAG Silver and gave the stock a “buy” rating in a research note on Thursday, November 16th. Roth Capital set a $22.00 price objective on shares of MAG Silver and gave the stock a “buy” rating in a research note on Monday, August 21st. Zacks Investment Research raised shares of MAG Silver from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Friday, October 27th. Finally, Raymond James Financial reissued an “outperform” rating on shares of MAG Silver in a research note on Tuesday, November 21st. Two equities research analysts have rated the stock with a sell rating, six have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $16.60.
Hedge funds have recently made changes to their positions in the business. Morgan Stanley grew its stake in MAG Silver by 87.0% during the first quarter. Morgan Stanley now owns 248,348 shares of the company’s stock valued at $3,261,000 after acquiring an additional 115,543 shares in the last quarter. Renaissance Technologies LLC lifted its position in MAG Silver by 193.4% during the first quarter. Renaissance Technologies LLC now owns 88,300 shares of the company’s stock valued at $1,157,000 after purchasing an additional 58,205 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in MAG Silver during the first quarter valued at $242,000. Great West Life Assurance Co. Can lifted its position in MAG Silver by 4.4% during the second quarter. Great West Life Assurance Co. Can now owns 417,363 shares of the company’s stock valued at $5,435,000 after purchasing an additional 17,660 shares during the last quarter. Finally, TD Asset Management Inc. lifted its holdings in shares of MAG Silver by 1.5% in the 2nd quarter. TD Asset Management Inc. now owns 419,491 shares of the company’s stock worth $5,469,000 after acquiring an additional 6,400 shares during the last quarter.
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About MAG Silver
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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