MAG Silver (MAG) Gets a Buy Rating from H.C. Wainwright


According to The Fly, mAG Silver (TSX: MAG), the Materials sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Heiko Ihle from H.C. Wainwright reiterated a Buy rating

Ihle wrote:

“We highlight that Fresnillo has recently reiterated its expectation of initial production from the site as early as mid-2020.”

According to TipRanks.com, Ihle ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -5.4% and a 31.1% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.

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Currently, the analyst consensus on MAG Silver is a Moderate Buy with an average price target of C$18.

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 146.6K.

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$10.51.

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