Stifel Nicolaus analyst Stephen Soock maintained a Buy rating on MAG Silver (MAG – Research Report) today and set a price target of C$20.50. The company’s shares closed yesterday at $12.89.
According to TipRanks, Soock is a 3-star analyst with an average return of 1.3% and a 45.29% success rate. Soock covers the Basic Materials sector, focusing on stocks such as MAG Silver, SilverCrest Metals, and Prime Mining.
MAG Silver has an analyst consensus of Strong Buy, with a price target consensus of $15.11.
Based on MAG Silver’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $23.69 million. In comparison, last year the company had a GAAP net loss of $18.93 million
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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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