BidaskClub Upgrades MAG Silver (NASDAQ:MAG) to Hold

BidaskClub upgraded shares of MAG Silver (NASDAQ:MAG) from a sell rating to a hold rating in a research note published on Wednesday, June 5th, BidAskClub reports.

Separately, Roth Capital reiterated a buy rating on shares of MAG Silver in a report on Wednesday, March 6th.

Shares of MAG traded down $0.12 during trading hours on Wednesday, reaching $10.54. 165,800 shares of the company traded hands, compared to its average volume of 284,156. The firm has a fifty day moving average of $10.21. MAG Silver has a 1-year low of $6.12 and a 1-year high of $11.95.

MAG Silver (NASDAQ:MAG) last posted its earnings results on Friday, May 10th. The company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.01.

About MAG Silver

MAG Silver Corp. focuses on acquiring, exploring, and development of mineral properties in Canada. It explores for copper, gold, silver, lead, and zinc deposits. The company primarily holds interests in the Juanicipio property covering 7,679 hectares located in the Fresnillo District, Zacatecas State, Mexico.

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