MAG Silver Corp (MAG) Getting Somewhat Positive News Coverage, Report Finds

News articles about MAG Silver Corp (NYSE:MAG) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MAG Silver Corp earned a news impact score of 0.04 on Accern’s scale. Accern also assigned media headlines about the industrial goods maker an impact score of 85 out of 100, indicating that recent news coverage is very likely to have an impact on the stock’s share price in the near term.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

Several research analysts recently commented on MAG shares. Raymond James Financial, Inc. upgraded shares of MAG Silver Corp from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, April 5th. UBS AG raised shares of MAG Silver Corp from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, April 5th. Finally, BMO Capital Markets raised shares of MAG Silver Corp from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $18.00 to $9.50 in a report on Friday, May 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and three have assigned a strong buy rating to the stock. MAG Silver Corp presently has a consensus rating of “Buy” and a consensus price target of $15.00.

MAG Silver Corp (MAG) opened at 13.24 on Tuesday. The stock has a 50 day moving average of $12.32 and a 200 day moving average of $13.04. MAG Silver Corp has a 1-year low of $9.50 and a 1-year high of $18.12. The stock’s market cap is $1.07 billion.

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About MAG Silver Corp

MAG Silver Corp. is a mineral exploration and development company. The Company is focused on the acquisition, exploration and development of projects located within the Mexican silver belt. The Company operates through the exploration of mineral properties in Mexico segment. The Company’s projects include Juanicipio Property, Cinco De Mayo Property and Guigui Property.

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