MAG Silver Corp. MAG was a big mover last session, as the company saw its shares rise around 8% 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 34.1% since Dec 21.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate, however, moved higher over the same time frame, suggesting that more solid trading could be ahead for this stock. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
MAG Silver currently sports a Zacks Rank #1 (Strong Buy), while its Earnings ESP is 0.00%.
Another favorably placed stock in the same space is Silver Standard Resources Inc. SSRI, carrying a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
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