Roth MKM lowered the firm’s price target on MAG Silver (MAG) to $16.50 from $17.50 and keeps a Neutral rating on the shares following the company’s earnings report. The firm notes results were mixed compared to its estimates. Additionally, Roth points out that the Juanicipio JV has retained a higher cash balance than it previously anticipated, while market sentiment has shifted to negative for gold and silver.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio