MAG Silver Corp. (MVG) was a big mover last session, as its shares rose over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend for the company since Jun 26, as the stock is now down over 12%.
In the last 30 days, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
MAG Silver currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Other well-performing stocks in the silver mining industry include Coeur Mining, Inc. (CDE), Fortuna Silver Mines Inc. (FSM) and Silver Standard Resources (SSRI). All three carry the same Zacks Rank as MAG Silver.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
MAG SILVER CORP (MVG): Free Stock Analysis Report
COEUR MINING INC DELAWARE (CDE): Free Stock Analysis Report
SILVER STANDARD RES INC (SSRI): Free Stock Analysis Report
FORTUNA SILVER MINES INC (FSM): Free Stock Analysis Report
Zacks Investment Research