MAG Silver (MAG) Earning Somewhat Favorable Press Coverage, Report Shows

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News stories about MAG Silver (NASDAQ:MAG) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. MAG Silver earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.2569939688511 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

MAG stock traded down $0.12 during trading on Wednesday, hitting $7.43. 180,300 shares of the stock traded hands, compared to its average volume of 237,349. MAG Silver has a 1 year low of $7.37 and a 1 year high of $13.09.

Separately, National Bank Financial reissued an “outperform spec market weight” rating on shares of MAG Silver in a research report on Sunday, August 12th.

MAG Silver Company Profile

MAG Silver Corp. focuses on acquiring, exploring, and development of mineral properties in Canada. It explores for copper, gold, silver, lead, and zinc deposits. The company primarily holds interests in the Juanicipio property covering 7,679 hectares located in the Fresnillo District, Zacatecas State, Mexico.

Further Reading: Diversification

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