Roth MKM analyst Joe Reagor lowered the firm’s price target on MAG Silver to $19 from $22 and keeps a Buy rating on the shares. MAG Silver’s Q3 results were somewhat below expectations, but the firm believes MAG remains significantly undervalued, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on MAG:
- MAG Silver Reports Third Quarter Financial Results
- MAG Silver reports revenue $125,046 vs $49,715 last year.
- MAG Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- MAG Silver price target lowered to C$21 from C$22 at Raymond James
- MAG Silver targets September Juanicipio milling rate of 4,000tpd
