MAG Silver Corp (NYSEAMERICAN:MAG) – Equities research analysts at National Bank Financial upped their FY2017 EPS estimates for MAG Silver in a research note issued on Wednesday. National Bank Financial analyst S. Nagle now anticipates that the company will earn ($0.04) per share for the year, up from their prior forecast of ($0.05). National Bank Financial also issued estimates for MAG Silver’s FY2018 earnings at ($0.05) EPS, FY2019 earnings at ($0.04) EPS and FY2021 earnings at $1.12 EPS.
A number of other research analysts also recently commented on MAG. Zacks Investment Research raised shares of MAG Silver from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a research note on Wednesday, August 23rd. BMO Capital Markets assumed coverage on shares of MAG Silver in a research note on Friday, November 17th. They set an “outperform” rating for the company. Raymond James Financial reiterated an “outperform” rating on shares of MAG Silver in a report on Tuesday, November 21st. HC Wainwright reiterated a “buy” rating on shares of MAG Silver in a report on Wednesday, November 8th. Finally, Roth Capital set a $22.00 target price on MAG Silver and gave the stock a “buy” rating in a report on Monday, August 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 company. The stock has a consensus rating of “Buy” and an average target price of $16.60.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stifel Financial Corp purchased a new position in MAG Silver in the 3rd quarter worth approximately $137,000. Quantbot Technologies LP purchased a new position in MAG Silver in the 2nd quarter worth approximately $183,000. BlueCrest Capital Management Ltd purchased a new position in MAG Silver in the 2nd quarter worth approximately $196,000. Sigma Planning Corp purchased a new position in MAG Silver in the 2nd quarter worth approximately $203,000. Finally, Goldman Sachs Group Inc. purchased a new position in MAG Silver in the 1st quarter worth approximately $242,000.
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MAG Silver 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.
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