MAG Silver Corp (MAG) to Post FY2020 Earnings of $0.77 Per Share, National Bank Financial Forecasts
MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG) – Investment analysts at National Bank Financial dropped their FY2020 earnings per share estimates for MAG Silver in a research note issued to investors on Wednesday. National Bank Financial analyst S. Nagle now anticipates that the company will earn $0.77 per share for the year, down from their previous forecast of $0.96. National Bank Financial has a “Outperform” rating and a $21.00 price objective on the stock.
A number of other research analysts have also recently weighed in on the company. Scotiabank lowered their price objective on MAG Silver from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 15th. HC Wainwright reaffirmed a “buy” rating on shares of MAG Silver in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of C$22.83.
MAG Silver (TSE:MAG) traded down C$0.11 during mid-day trading on Friday, hitting C$13.56. The stock had a trading volume of 157,615 shares, compared to its average volume of 190,938. MAG Silver has a 12-month low of C$12.75 and a 12-month high of C$21.99.
In other MAG Silver news, insider Michael John Curlook bought 5,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 23rd. The shares were bought at an average price of C$14.10 per share, with a total value of C$77,550.00.
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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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