Brokers Set Expectations for MAG Silver Corp’s FY2017 Earnings (MAG)

MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG) – Equities research analysts at National Bank Financial boosted their FY2017 earnings per share (EPS) estimates for MAG Silver in a research report issued to clients and investors on Wednesday. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of ($0.05) for the year, up from their previous forecast of ($0.06). National Bank Financial currently has a “Outperform” rating and a $21.00 target price on the stock. National Bank Financial also issued estimates for MAG Silver’s FY2018 earnings at ($0.06) EPS, FY2019 earnings at ($0.05) EPS and FY2021 earnings at $1.43 EPS.

Several other research firms have also issued reports on MAG. HC Wainwright reiterated a “buy” rating on shares of MAG Silver in a research note on Wednesday, November 8th. Scotiabank reduced their target price on shares of MAG Silver from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. MAG Silver presently has a consensus rating of “Buy” and a consensus target price of C$22.83.

Shares of MAG Silver (TSE:MAG) opened at C$13.72 on Monday. MAG Silver has a one year low of C$12.75 and a one year high of C$21.99.

In related news, insider Michael John Curlook purchased 22,000 shares of MAG Silver stock in a transaction that occurred on Wednesday, November 29th. The stock was bought at an average price of C$13.80 per share, for a total transaction of C$303,600.00.

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About MAG Silver

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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