MAG Silver (MAG) Stock Rating Lowered by BidaskClub

MAG Silver (NASDAQ:MAG) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Monday, BidAskClub reports.

Separately, Roth Capital reiterated a “buy” rating on shares of MAG Silver in a research report on Wednesday, March 6th.

Shares of NASDAQ:MAG traded down $0.08 on Monday, hitting $9.14. 42,189 shares of the company’s stock were exchanged, compared to its average volume of 280,148. MAG Silver has a 12 month low of $6.12 and a 12 month high of $12.00.

MAG Silver (NASDAQ:MAG) last released its earnings results on Friday, May 10th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01.

About MAG Silver

MAG Silver Corp. focuses on acquiring, exploring, and development of mineral properties in Canada. It explores for copper, gold, silver, lead, and zinc deposits. The company primarily holds interests in the Juanicipio property covering 7,679 hectares located in the Fresnillo District, Zacatecas State, Mexico.

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