H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on MAG Silver (NYSE:MAG) Corp on Friday, setting a price target of $22.5, which is approximately 21.89% above the present share price of $18.46.
Ihle expects MAG Silver Corp to post earnings per share (EPS) of -$0.04 for the third quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in MAG Silver, with an average price target of $23.67.
The analysts price targets range from a high of $26.34 to a low of $22.35.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $0 and a net profit of -$2.78 million. The company's market cap is $1.75 billion.
According to TipRanks.com, H.C. Wainwright analyst Heiko Ihle is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 32.4% and a 49.41% success rate.
MAG Silver Corp. engages in the exploration, acquisition, and development of mineral properties. It focuses on silver projects located in the Mexican Silver Belt including Juanicipio and Cinco de Mayo in Mexico. The company was founded on April 21, 1999 and is headquartered in Vancouver, Canada.