MAG Silver (NASDAQ:MAG) Stock Rating Lowered by BidaskClub

BidaskClub cut shares of MAG Silver (NASDAQ:MAG) from a buy rating to a hold rating in a research report released on Tuesday, BidAskClub reports.

MAG stock traded down $0.11 during trading on Tuesday, hitting $11.16. The company had a trading volume of 19,454 shares, compared to its average volume of 336,991. MAG Silver has a 52-week low of $6.12 and a 52-week high of $14.00. The company has a 50 day simple moving average of $12.03 and a 200-day simple moving average of $10.66.

MAG Silver (NASDAQ:MAG) last released its quarterly earnings results on Monday, August 12th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01).

MAG Silver Company Profile

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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