MAG Silver (NASDAQ:MAG) Upgraded by BidaskClub to Hold

BidaskClub upgraded shares of MAG Silver (NASDAQ:MAG) from a sell rating to a hold rating in a research report sent to investors on Thursday, BidAskClub reports.

NASDAQ MAG traded up $0.04 on Thursday, hitting $9.98. 291,000 shares of the company’s stock were exchanged, compared to its average volume of 358,605. The firm’s 50-day moving average price is $9.93 and its two-hundred day moving average price is $10.74. MAG Silver has a fifty-two week low of $6.50 and a fifty-two week high of $14.00.

MAG Silver (NASDAQ:MAG) last released its earnings results on Friday, November 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.02).

MAG Silver Company Profile

MAG Silver Corp. focuses on acquiring, exploring, and development of mineral properties in Canada. It explores for copper, gold, silver, lead, and zinc deposits. The company primarily holds interests in the Juanicipio property covering 7,679 hectares located in the Fresnillo District, Zacatecas State, Mexico.

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