MAG Silver (NYSE:MAG) Sees Large Volume Increase

MAG Silver Corp. (NYSE:MAGGet Rating) shares saw an uptick in trading volume on Tuesday . 14,778 shares traded hands during mid-day trading, a decline of 97% from the previous session’s volume of 488,407 shares.The stock last traded at $15.50 and had previously closed at $15.11.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MAG. began coverage on shares of MAG Silver in a research note on Wednesday, October 12th. They issued a “sell” rating on the stock. HC Wainwright dropped their price target on shares of MAG Silver to $16.00 in a research note on Thursday, October 27th.

MAG Silver Stock Up 3.0 %

The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 57.14 and a beta of 1.06. The company’s 50-day simple moving average is $13.38 and its 200 day simple moving average is $13.11.

MAG Silver Company Profile

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MAG Silver Corp. engages in the exploration and development of precious metal mining properties. The company explores for silver, gold, lead, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. The company is headquartered in Vancouver, Canada.

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