MAG Silver (MAG) Projected to Post Earnings on Tuesday

MAG Silver (NYSEAMERICAN:MAG - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Tuesday, March 18th. Analysts expect MAG Silver to post earnings of $0.24 per share and revenue of $22.00 million for the quarter.

MAG Silver Stock Up 2.1 %

Shares of NYSEAMERICAN:MAG traded up $0.33 during mid-day trading on Thursday, reaching $16.07. 652,555 shares of the company's stock were exchanged, compared to its average volume of 590,412. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 22.63 and a beta of 1.09. The firm's fifty day simple moving average is $15.20. MAG Silver has a twelve month low of $8.94 and a twelve month high of $18.27.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MAG shares. HC Wainwright reiterated a "buy" rating and set a $21.00 price target on shares of MAG Silver in a report on Tuesday, February 25th. TD Securities raised shares of MAG Silver to a "strong-buy" rating in a research note on Monday. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $18.63.

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.