MAG Silver (MAG) Gets a Hold from Roth MKM

In a report released on August 8, Joseph Reagor from Roth MKM maintained a Hold rating on MAG Silver, with a price target of $23.00. The company’s shares closed yesterday at $22.92.

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Reagor covers the Basic Materials sector, focusing on stocks such as Silvercorp Metals, MAG Silver, and Avino Silver & Gold. According to TipRanks, Reagor has an average return of 18.9% and a 49.90% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for MAG Silver with a $21.56 average price target, implying a -5.93% downside from current levels. In a report released today, H.C. Wainwright also maintained a Hold rating on the stock with a $22.00 price target.

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