MAG Silver (MAG) Projected to Post Quarterly Earnings on Tuesday

MAG Silver (NYSEAMERICAN:MAG) is expected to be releasing its earnings data before the market opens on Tuesday, March 18th. Analysts expect MAG Silver to post earnings of $0.24 per share and revenue of $22.00 million for the quarter.

MAG Silver Price Performance

Shares of NYSEAMERICAN:MAG opened at $16.07 on Monday. MAG Silver has a fifty-two week low of $8.94 and a fifty-two week high of $18.27. The firm has a market capitalization of $1.66 billion, a PE ratio of 22.63 and a beta of 1.09. The business has a 50-day moving average of $15.24.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. HC Wainwright reiterated a “buy” rating and issued a $21.00 price objective on shares of MAG Silver in a research report on Tuesday, February 25th. TD Securities raised MAG Silver to a “strong-buy” rating in a research note on Monday, March 10th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, MAG Silver has a consensus rating of “Moderate Buy” and a consensus price target of $18.63.

About MAG Silver

MAG Silver Corp. develops and explores for precious metal properties in Canada. It explores for silver, gold, lead, copper, and zinc deposits. The company's flagship property is the 44% owned Juanicipio property located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp. is headquartered in Vancouver, Canada.