News headlines about MAG Silver Corp (NYSE:MAG) have been trending somewhat positive this week, Alpha One reports. Alpha One, a subsidiary of Accern, identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MAG Silver Corp earned a daily sentiment score of 0.13 on Alpha One’s scale. Alpha One also gave media headlines about the industrial goods maker an impact score of 67 out of 100, meaning that recent news coverage is likely to have an impact on the stock’s share price in the next several days.
A number of equities analysts recently commented on MAG shares. Raymond James Financial, Inc. raised shares of MAG Silver Corp from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, April 5th. Zacks Investment Research lowered shares of MAG Silver Corp from a “hold” rating to a “sell” rating in a research note on Thursday, March 2nd. Rodman & Renshaw reissued a “buy” rating and set a $20.50 target price (up previously from $20.00) on shares of MAG Silver Corp in a research note on Thursday, March 9th. BMO Capital Markets raised shares of MAG Silver Corp from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $18.00 to $9.50 in a research note on Friday, May 26th. Finally, TD Securities raised shares of MAG Silver Corp from a “hold” rating to a “buy” rating in a research note on Wednesday, March 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.00.
MAG Silver Corp (NYSE:MAG) traded up 0.42% during midday trading on Friday, hitting $12.07. 4,066,753 shares of the company traded hands. MAG Silver Corp has a 12-month low of $9.50 and a 12-month high of $18.12. The firm’s market capitalization is $974.71 million. The stock’s 50-day moving average is $11.95 and its 200-day moving average is $13.04.
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MAG Silver Corp Company Profile
MAG Silver Corp. is a mineral exploration and development company. The Company is focused on the acquisition, exploration and development of projects located within the Mexican silver belt. The Company operates through the exploration of mineral properties in Mexico segment. The Company’s projects include Juanicipio Property, Cinco De Mayo Property and Guigui Property.
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