MAG Silver (MAG) to Release Earnings on Tuesday

MAG Silver (NYSEAMERICAN:MAG) is expected to post 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 Price Performance

MAG Silver stock opened at $16.07 on Friday. The firm’s 50-day moving average price is $15.24. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 22.63 and a beta of 1.09. MAG Silver has a 52-week low of $8.94 and a 52-week high of $18.27.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $21.00 price target on shares of MAG Silver in a research note on Tuesday, February 25th. TD Securities upgraded shares of MAG Silver to a “strong-buy” rating in a report on Monday, March 10th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, MAG Silver has an average rating of “Moderate Buy” and a consensus target price of $18.63.

MAG Silver Company Profile

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.