67.70 % to Target, H.C. Wainwright Maintains ‘”Buy”’ Rating on MAG Silver Corp (NASDAQ:MAG) Shares Today

May 16, 2018 - By Henry Gaston

MAG Silver Corp. (NYSEAMERICAN:MAG) Logo

MAG Silver Corp (NASDAQ:MAG) Rating Reaffirmed

H.C. Wainwright now has a $19.0000 target price on the $962.45M market cap company or 67.70 % upside potential. In a note revealed to clients on 16 May, MAG Silver Corp (NASDAQ:MAG) shares have had their “Buy” Rating reiterated by equity research analysts at H.C. Wainwright.

MAG Silver Corp. (NYSEAMERICAN:MAG) Ratings Coverage

Among 3 analysts covering MAG Silver Corp (NASDAQ:MAG), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. MAG Silver Corp has $19.0 highest and $1900 lowest target. $19’s average target is 67.70% above currents $11.33 stock price. MAG Silver Corp had 4 analyst reports since November 17, 2017 according to SRatingsIntel. H.C. Wainwright maintained the shares of MAG in report on Tuesday, February 13 with “Buy” rating. The stock has “Buy” rating by H.C. Wainwright on Wednesday, March 28. The firm has “Buy” rating given on Friday, November 17 by BMO Capital Markets. The stock has “Outperform” rating by Raymond James on Tuesday, November 21.

The stock increased 3.09% or $0.34 during the last trading session, reaching $11.33. About 204,806 shares traded or 26.16% up from the average. MAG Silver Corp. (NASDAQ:MAG) has declined 26.46% since May 17, 2017 and is downtrending. It has underperformed by 38.01% the S&P500.

MAG Silver Corp., an exploration and development company, focuses on acquiring, exploring, and development of district scale projects located in the Mexican Silver Belt. The company has market cap of $962.45 million. It explores for copper, gold, silver, lead, and zinc deposits. It currently has negative earnings. The company's principal asset is the Juanicipio property comprising a single concession covering 7,679.21 hectares located in central Zacatecas State, Mexico.

Another recent and important MAG Silver Corp. (NYSEAMERICAN:MAG) news was published by Investingnews.com which published an article titled: “Ireland-focused Group Eleven Releases Stonepark Resource Estimate” on April 24, 2018.

MAG Silver Corp. (NYSEAMERICAN:MAG) Ratings Chart

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