MAG Silver (NYSEAMERICAN:MAG) Posts Earnings Results, Beats Expectations By $0.02 EPS

MAG Silver (NYSEAMERICAN:MAG) issued its quarterly earnings data on Tuesday. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02, Zacks reports.

MAG Silver Stock Down 2.9 %

NYSEAMERICAN MAG opened at $14.78 on Thursday. MAG Silver has a 52-week low of $8.19 and a 52-week high of $18.27. The company has a market capitalization of $1.53 billion, a PE ratio of 20.82 and a beta of 1.12.

Analyst Ratings Changes

MAG has been the topic of several research analyst reports. Scotiabank raised their target price on shares of MAG Silver from $14.50 to $15.50 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Roth Mkm lowered shares of MAG Silver from a “buy” rating to a “neutral” rating and raised their price objective for the company from $17.00 to $17.50 in a research note on Thursday, October 24th. StockNews.com upgraded MAG Silver from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. HC Wainwright lifted their price target on MAG Silver from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Roth Capital downgraded MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $18.38.

About MAG Silver

MAG Silver Corp. develops and explores for precious metal properties in Canada. It explores for silver, gold, lead, copper, and zinc deposits. The company's flagship property is the 44% owned Juanicipio property located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp. is headquartered in Vancouver, Canada.