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MAG Silver (NYSE:MAG) Sees Strong Trading Volume

Financial News Live ·  Sep 8, 2022 11:52

MAG Silver Corp. (NYSE:MAG – Get Rating) saw unusually-high trading volume on Thursday . Approximately 8,132 shares were traded during trading, a decline of 98% from the previous session's volume of 369,490 shares.The stock last traded at $12.53 and had previously closed at $12.41.

Analyst Ratings Changes

Separately, HC Wainwright reduced their target price on MAG Silver from $21.50 to $16.50 and set a "buy" rating on the stock in a research report on Thursday, July 28th.

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MAG Silver Stock Up 1.3 %

The business has a 50-day moving average price of $12.42. The firm has a market cap of $1.24 billion, a PE ratio of 64.67 and a beta of 1.16.

MAG Silver Company Profile

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MAG Silver Corp. engages in the exploration and development of precious metal mining properties. The company explores for silver, gold, lead, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. The company is headquartered in Vancouver, Canada.

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