A statement released earlier today by TD Securities about Mag Silver Corp (TSE:MAG) bumps the target price to $21.00
- Updated: September 22, 2016
Boasting a price of $21.89, Mag Silver Corp (TSE:MAG) traded -1.26% lower on the day. With the last stock price close up 27.83% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Mag Silver Corp has recorded a 50-day average of $21.07 and a two hundred day average of $17.19. Volume of trade was down over the average, with 262,347 shares of MAG changing hands under the typical 330,219
TD Securities bumped up the target of Mag Silver Corp (TSE:MAG) to $21.00 stating a potential downside of -0.04%.
On 8/17/2016, BMO Capital Markets released a statement for Mag Silver Corp (TSE:MAG) bumped up the target price from $0.00 to $25.00 that suggested an upside of 0.14%.
With a total market value of $0, Mag Silver Corp has with a one year low of $8.67 and a one year high of $23.32 .
A total of 11 equity analysts have released a ratings update on MAG. Two equity analysts rating the company a strong buy, six equity analysts rating the company a buy, four equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $16.18.
Brief Synopsis About Mag Silver Corp (TSE:MAG)
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. Juanicipio Property is located in the Fresnillo District, Zacatecas State, Mexico. The Juanicipio Property includes silver-gold-lead-zinc epithermal vein deposit. The Company owns the mineral concessions comprising the Cinco de Mayo Property. The Cinco de Mayo Property is located approximately 190 kilometers northwest of the city of Chihuahua, in northern Chihuahua State, Mexico, and covers approximately 25,110 hectares. The Company owns the Guigui project located in the Santa Eulalia Mining District of Chihuahua, Mexico. Guigui project consists of approximately 8,300 hectares.
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