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. StockNews.com 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

(Get Rating)

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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