MAG Silver (NYSEAMERICAN:MAG – Get Free Report) was downgraded by funding analysts at Ventum Cap Mkts from a “purchase” ranking to a “impartial” ranking in a be aware issued to buyers on Friday, Zacks.com studies.
Different equities analysts additionally not too long ago issued studies in regards to the firm. Scotiabank upgraded MAG Silver from a “sector carry out” ranking to a “sector outperform” ranking and lowered their goal worth for the corporate from $15.00 to $13.50 in a analysis report on Thursday, March twenty eighth. StockNews.com raised MAG Silver to a “promote” ranking in a report on Wednesday, March twenty seventh. Stifel Nicolaus decreased their worth goal on MAG Silver from $20.00 to $19.00 and set a “purchase” ranking on the inventory in a report on Wednesday, March twentieth. Lastly, HC Wainwright raised their worth goal on MAG Silver from $16.00 to $17.00 and gave the corporate a “purchase” ranking in a report on Thursday, April twenty fifth. One funding analyst has rated the inventory with a promote ranking, one has assigned a maintain ranking and 4 have assigned a purchase ranking to the inventory. Primarily based on information from MarketBeat.com, the inventory presently has a mean ranking of “Reasonable Purchase” and a consensus goal worth of $18.25.
View Our Latest Analysis on MAG
MAG Silver Buying and selling Up 2.9 %
NYSEAMERICAN MAG opened at $12.64 on Friday. The agency has a market cap of $1.30 billion, a P/E ratio of 26.89 and a beta of 1.10. MAG Silver has a fifty-two week low of $8.19 and a fifty-two week excessive of $13.40.
MAG Silver (NYSEAMERICAN:MAG – Get Free Report) final launched its earnings outcomes on Tuesday, March nineteenth. The corporate reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01. On common, equities analysis analysts anticipate that MAG Silver will publish 0.55 EPS for the present 12 months.
Institutional Buyers Weigh In On MAG Silver
A number of giant buyers have not too long ago made modifications to their positions in MAG. Van ECK Associates Corp elevated its stake in MAG Silver by 7.5% through the first quarter. Van ECK Associates Corp now owns 9,981,600 shares of the corporate’s inventory value $105,603,000 after buying an extra 696,140 shares over the last quarter. First Eagle Funding Administration LLC elevated its stake in MAG Silver by 11.2% through the fourth quarter. First Eagle Funding Administration LLC now owns 6,380,120 shares of the corporate’s inventory value $66,402,000 after buying an extra 642,494 shares over the last quarter. Mirae Asset World Investments Co. Ltd. elevated its stake in MAG Silver by 2.4% through the third quarter. Mirae Asset World Investments Co. Ltd. now owns 2,542,545 shares of the corporate’s inventory value $26,403,000 after buying an extra 58,849 shares over the last quarter. Jupiter Asset Administration Ltd. elevated its stake in MAG Silver by 1.7% through the third quarter. Jupiter Asset Administration Ltd. now owns 2,364,171 shares of the corporate’s inventory value $24,551,000 after buying an extra 38,784 shares over the last quarter. Lastly, Invesco Ltd. elevated its stake in MAG Silver by 8.8% through the third quarter. Invesco Ltd. now owns 1,465,920 shares of the corporate’s inventory value $15,202,000 after buying an extra 118,211 shares over the last quarter. 52.50% of the inventory is owned by institutional buyers.
About MAG Silver
MAG Silver Corp. develops and explores for treasured steel properties in Canada. It explores for silver, gold, lead, copper, and zinc deposits. The corporate’s flagship property is the 44% owned Juanicipio property situated within the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp. is headquartered in Vancouver, Canada.
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