MAG Silver (NASDAQ:MAG) Upgraded to “Buy” by BidaskClub

BidaskClub upgraded shares of MAG Silver (NASDAQ:MAG) from a hold rating to a buy rating in a research report report published on Thursday, BidAskClub reports.

Shares of NASDAQ:MAG traded down $0.42 on Thursday, reaching $11.31. 314,028 shares of the company’s stock were exchanged, compared to its average volume of 305,614. MAG Silver has a fifty-two week low of $6.12 and a fifty-two week high of $12.36. The business has a 50-day simple moving average of $10.96.

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

MAG Silver Company Profile

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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