In a report released today, Cosmos Chiu from CIBC maintained a Hold rating on MAG Silver (MAG – Research Report), with a price target of C$17.50. The company’s shares opened today at $10.92.
According to TipRanks, Chiu is a 5-star analyst with an average return of 11.2% and a 50.16% success rate. Chiu covers the Basic Materials sector, focusing on stocks such as Endeavour Silver, SSR Mining, and MAG Silver.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for MAG Silver with a $15.03 average price target.
The company has a one-year high of $14.42 and a one-year low of $8.20. Currently, MAG Silver has an average volume of 705.8K.
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MAG Silver (MAG) Company Description:
MAG Silver Corp. engages in the exploration, acquisition, and development of mineral properties. It focuses on silver projects located in the Mexican Silver Belt including Juanicipio and Cinco de Mayo in Mexico. The company was founded on April 21, 1999 and is headquartered in Vancouver, Canada.
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