MAG Silver (TSX: MAG), the Materials sector company was revisited on September 19, and remains undervalued for at least one analyst on the street. Analyst Andrew Breichmanas from BMO Capital remains bullish on the stock and has a C$18 price target.
According to TipRanks.com, Breichmanas is a 3-star analyst with an average return of 9.1% and a 42.9% success rate. Breichmanas covers the Basic Materials sector, focusing on stocks such as Agnico Eagle, Barrick Gold, and IAMGOLD Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MAG Silver with a C$18 average price target.
The company has a one-year high of C$15.97 and a one-year low of C$9.24. Currently, MAG Silver has an average volume of 123K.
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.
The company’s shares closed on Friday at C$10.36, close to its 52-week low of C$9.24.
