Roth MKM Reaffirms Their Hold Rating on MAG Silver (MAG)
Roth MKM analyst Joseph Reagor maintained a Hold rating on MAG Silver today and set a price target of $22.00. The company’s shares opened today at $22.12.
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According to TipRanks, Reagor is a 5-star analyst with an average return of 18.3% and a 50.30% success rate. Reagor covers the Basic Materials sector, focusing on stocks such as MAG Silver, Silvercorp Metals, and Avino Silver & Gold.
Currently, the analyst consensus on MAG Silver is a Moderate Buy with an average price target of $21.11.
Based on MAG Silver’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $28.74 million. In comparison, last year the company had a net profit of $14.9 million
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