MAG Silver Corp. (MVG) was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 58% in the past one-month time frame.
The company has seen two positive revisions in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for MAG Silver. So make sure to keep an eye on this stock going forward to see if yesterday's jump can turn into more strength down the road.
MAG Silver currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Other stocks to consider in the basic materials sector include Agnico Eagle Mines Limited (AEM), Compass Minerals International Inc. (CMP) and Hi-Crush Partners LP (HCLP). All of these sport a Zacks Rank #1 (Strong Buy).
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