Roth Capital Sticks to Its Buy Rating for MAG Silver Corp

In a report issued on May 18, Joseph Reagor from Roth Capital reiterated a Buy rating on MAG Silver Corp (NYSE: MAG), with a price target of $22. The company’s shares closed on Friday at $11.52.

According to TipRanks.com, Reagor is a 4-star analyst with an average return of 9.5% and a 40.8% success rate. Reagor covers the Basic Materials sector, focusing on stocks such as Trilogy Metals Inc, Trecora Resources, and Coeur Mining.

Currently, the analyst consensus on MAG Silver Corp is Moderate Buy and the average price target is $20.50, representing a 78.0% upside.

In a report issued on May 16, H.C. Wainwright also reiterated a Buy rating on the stock with a $19 price target.

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The company has a one-year high of $13.84 and a one-year low of $9.29. Currently, MAG Silver Corp has an average volume of 220.2K.

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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.