MAG Silver (MAG) Projected to Post Quarterly Earnings on Tuesday

MAG Silver (NYSEAMERICAN:MAG) 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 Performance

Shares of MAG stock opened at $16.07 on Monday. The firm’s 50-day moving average price is $15.24. The firm has a market cap of $1.66 billion, a PE ratio of 22.63 and a beta of 1.09. MAG Silver has a twelve month low of $8.94 and a twelve month high of $18.27.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $21.00 target price on shares of MAG Silver in a research report on Tuesday, February 25th. TD Securities upgraded shares of MAG Silver to a “strong-buy” rating in a research note on Monday, March 10th. Four equities 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 stock. Based on data from MarketBeat, the stock presently 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.