National Bank Financial Equities Analysts Boost Earnings Estimates for MAG Silver Corp (MAG)
MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG) – Research analysts at National Bank Financial raised their FY2017 earnings per share estimates for MAG Silver in a report released on Wednesday. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of ($0.05) per share for the year, up from their prior forecast of ($0.06). National Bank Financial has a “Outperform” rating and a $21.00 price objective on the stock. National Bank Financial also issued estimates for MAG Silver’s FY2018 earnings at ($0.06) EPS, FY2019 earnings at ($0.05) EPS and FY2021 earnings at $1.43 EPS.
Several other research analysts have also commented on MAG. Scotiabank cut their price objective on MAG Silver from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 15th. HC Wainwright reissued a “buy” rating on shares of MAG Silver in a research report on Wednesday, November 8th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$22.83.
MAG Silver (TSE MAG) opened at C$13.91 on Monday. MAG Silver has a fifty-two week low of C$12.75 and a fifty-two week high of C$21.99.
In related news, insider Michael John Curlook acquired 22,000 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were bought at an average cost of C$13.80 per share, with a total value of C$303,600.00.
About MAG Silver
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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