MAG Silver (MAG) Earns “Outperform” Rating from Raymond James
Raymond James reaffirmed their outperform rating on shares of MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) in a research note released on Saturday morning, BayStreet.CA reports. The firm currently has a C$19.00 price target on the stock. Raymond James also issued estimates for MAG Silver’s Q1 2019 earnings at ($0.03) EPS.
Separately, BMO Capital Markets upped their target price on shares of MAG Silver from C$16.50 to C$17.50 and gave the stock an outperform rating in a research note on Wednesday, March 6th.
Shares of TSE:MAG opened at C$13.02 on Friday. The stock has a market cap of $1.11 billion and a price-to-earnings ratio of -191.47. MAG Silver has a 1 year low of C$8.10 and a 1 year high of C$15.59.
MAG Silver Corp. focuses on acquiring, exploring, and development of mineral properties in Canada. It explores for copper, gold, silver, lead, and zinc deposits. The company primarily holds interests in the Juanicipio property covering 7,679 hectares located in the Fresnillo District, Zacatecas State, Mexico.
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