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

MAG Silver (NYSEAMERICAN:MAG) issued its earnings results on Tuesday. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02, Zacks reports.

MAG Silver Stock Performance

Shares of MAG Silver stock opened at $15.19 on Friday. The firm has a market cap of $1.57 billion, a P/E ratio of 21.39 and a beta of 1.12. MAG Silver has a 12 month low of $8.19 and a 12 month high of $18.27.

Wall Street Analyst Weigh In

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

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.