NYSEAMERICAN:MAG

MAG Silver - MAG Stock Forecast, Price & News

$12.48

+0.46 (+3.83%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $11.92
▼
$12.82
50-Day Range: N/A
52-Week Range: $10.32
▼
$21.73

Volume: 600,329 shs
Average Volume: 510,356 shs
Market Capitalization: $1.23 billion

P/E Ratio: 156.02
Dividend Yield: N/A
Price Target: $25.21

MAG Silver MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 102.0% Upside
$25.21 Price Target
Short Interest: Bearish
3.11% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.72 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
MAG Silver has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $25.21, MAG Silver has a forecasted upside of 102.0% from its current price of $12.48.
Amount of Analyst Coverage
MAG Silver has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.11% of the float of MAG Silver has been sold short.
Short Interest Ratio / Days to Cover
MAG Silver has a short interest ratio ("days to cover") of 5.6.
Change versus previous month
Short interest in MAG Silver has recently increased by 5.79%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
MAG Silver does not currently pay a dividend.
Dividend Growth
MAG Silver does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MAG.

2.7

News and Social Media Coverage

News Sentiment
MAG Silver has a news sentiment score of 0.92. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.29 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 1 news article for MAG Silver this week, compared to 0 articles on an average week.
MarketBeat Follows
Only 1 people have added MAG Silver to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MAG Silver insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 8.74% of the stock of MAG Silver is held by insiders.
Percentage Held by Institutions
48.55% of the stock of MAG Silver is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of MAG Silver is 156.02, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 117.75.
Price to Earnings Ratio vs. Sector
The P/E ratio of MAG Silver is 156.02, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 76.19.
Price to Book Value per Share Ratio
MAG Silver has a P/B Ratio of 3.74. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About MAG Silver (NYSEAMERICAN:MAG) Stock

MAG Silver Corp. engages in the exploration and development of precious metal mining properties. The company explores for silver, gold, lead, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. The company is headquartered in Vancouver, Canada.

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MAG Stock News Headlines

September 30, 2022 | americanbankingnews.com

MAG Silver (NYSEAMERICAN:MAG) Sees Strong Trading Volume

September 24, 2022 | americanbankingnews.com

MAG Silver (NYSEAMERICAN:MAG) Sees Unusually-High Trading Volume

September 22, 2022 | seekingalpha.com

MAG Silver: Further Weakness Should Present A Buying Opportunity

September 13, 2022 | finance.yahoo.com

MAG Silver Provides Juanicipio Commissioning Update

August 17, 2022 | finance.yahoo.com

MAG Silver's (MAG) Q2 Earnings Beat Estimates, Rise Y/Y

August 13, 2022 | msn.com

Gorillaz Animator Jamie Hewlett Announces Art Book Phoo Action: Silver Jubilee

August 13, 2022 | msn.com

Tyson Fury vacates Ring Magazine heavyweight belt following retirement

August 13, 2022 | finance.yahoo.com

U.S. Mint Presidential Silver Medal Honoring Millard Fillmore Available On August 15

July 27, 2022 | finance.yahoo.com

MAG Silver Reports Second Quarter Production From Juanicipio

July 24, 2022 | finance.yahoo.com

Here's What MAG Silver Corp.'s (TSE:MAG) Shareholder Ownership Structure Looks Like

July 19, 2022 | seekingalpha.com

MAG Silver: Significant Catalyst On The Horizon

July 15, 2022 | nasdaq.com

MAG Silver Corp. Shares Close in on 52-Week Low - Market Mover

June 12, 2022 | seekingalpha.com

Fresnillo Is A Quality Silver Miner Trading With A Good Valuation Multiple

May 26, 2022 | baystreet.ca

Five Top Silver Stocks to Consider in 2022

May 20, 2022 | apnews.com

Gatling Exploration Inc. Completes Plan of Arrangement with MAG Silver Corp

May 18, 2022 | fool.ca

Time to Buy MAG Silver (TSX:MAG) Stock?

May 17, 2022 | marketwatch.com

Toronto Stocks Rise; MAG Silver Edges Higher on 1Q Gold, Silver Sales

May 16, 2022 | finanznachrichten.de

Gatling Exploration Inc.: Gatling Securityholders Approve Plan of Arrangement with MAG Silver Corp.

May 5, 2022 | finance.yahoo.com

VIZSLA SILVER STRENGTHENS TECHNICAL EXECUTIVE TEAM

April 25, 2022 | nasdaq.com

Shares of MAG Now Oversold

April 20, 2022 | finance.yahoo.com

Zacks Industry Outlook Highlights Buenaventura Mining, MAG Silver and Fortuna Silver Mines

April 4, 2022 | finance.yahoo.com

Company News for Apr 4, 2022

April 1, 2022 | apnews.com

MAG Silver: Q4 Earnings Snapshot

March 28, 2022 | marketwatch.com

MAG Silver Appoints Fausto Di Trapani as CFO

March 28, 2022 | seekingalpha.com

MAG Silver picks industry veteran and ex-Galiano Gold executive for CFO role

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30 days | 90 days | 365 days | Advanced Chart

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MAG Company Calendar

Last Earnings: 8/15/2022
Today: 10/02/2022
Next Earnings (Estimated): 11/14/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSEAMERICAN
Industry: Gold & silver ores
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: NYSEAMERICAN:MAG
Previous Symbol: NYSEMKT:MVG
CUSIP: 55903Q104
CIK: 1230992
Web: www.magsilver.com
Phone: (604) 630-1399
Fax: 604-681-0894
Employees: 10
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $25.21
High Stock Price Forecast: $29.00
Low Stock Price Forecast: $20.50
Forecasted Upside/Downside: +102.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.08
Trailing P/E Ratio: 156.02
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-7,100,000.00
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: 2.38%
Return on Assets: 2.33%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 43.85
Quick Ratio: 43.85

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $3.34 per share
Price / Book: 3.74

Miscellaneous

Outstanding Shares: 98,722,000
Free Float: 89,260,000
Market Cap: $1.23 billion
Optionable: Optionable
Beta: 1.10

Key Executives

Mr. George N. Paspalas Acc.Dir (Age 59)
B.E. (Chem.), Pres, CEO & Non-Independent Director
Comp: $888.62k

Mr. Michael John Curlook
VP of Investor Relations & Communications

Mr. W. J. Mallory
Chief Sustainability Officer

Mr. Fausto Di Trapani
Chief Financial Officer

Ms. Rubi Lapiz
Controller

Ms. Jill Neff (Age 44)
Corp. Sec.

Mr. Marc Turcotte B.Sc.
MBA, VP of Bus. Devel.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MAG Stock - Frequently Asked Questions

Should I buy or sell MAG Silver stock right now?: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MAG Silver in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MAG shares.
View MAG analyst ratings or view top-rated stocks.
What is MAG Silver's stock price forecast for 2022?: 5 equities research analysts have issued 1 year price objectives for MAG Silver's stock. Their MAG share price forecasts range from $20.50 to $29.00. On average, they anticipate the company's share price to reach $25.21 in the next year. This suggests a possible upside of 102.0% from the stock's current price.
View analysts price targets for MAG or view top-rated stocks among Wall Street analysts.
How have MAG shares performed in 2022?: MAG Silver's stock was trading at $13.62 at the beginning of the year. Since then, MAG shares have decreased by 8.4% and is now trading at $12.48.
View the best growth stocks for 2022 here.
Are investors shorting MAG Silver?: MAG Silver saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 2,590,000 shares, a drop of 9.1% from the August 15th total of 2,850,000 shares. Based on an average trading volume of 490,200 shares, the short-interest ratio is currently 5.3 days. Approximately 2.9% of the shares of the company are sold short.
View MAG Silver's Short Interest.
When is MAG Silver's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
View our MAG earnings forecast.

How were MAG Silver's earnings last quarter?: MAG Silver Corp. (NYSEAMERICAN:MAG) issued its quarterly earnings results on Monday, August, 15th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.02.
What other stocks do shareholders of MAG Silver own?: Based on aggregate information from My MarketBeat watchlists, some companies that other MAG Silver investors own include First Majestic Silver (AG), Fortuna Silver Mines (FSM), B2Gold (BTG), Portola Pharmaceuticals (PTLA), Silvercorp Metals (SVM), SSR Mining (SSRM), Alamos Gold (AGI), Alibaba Group (BABA) and Barrick Gold (GOLD).
What is MAG Silver's stock symbol?: MAG Silver trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol "MAG."
How do I buy shares of MAG Silver?: Shares of MAG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is MAG Silver's stock price today?: One share of MAG stock can currently be purchased for approximately $12.48.
How much money does MAG Silver make?: MAG Silver (NYSEAMERICAN:MAG) has a market capitalization of $1.23 billion. The company earns $-7,100,000.00 in net income (profit) each year or $0.08 on an earnings per share basis.
How can I contact MAG Silver?: MAG Silver's mailing address is 770-800 Pender St W, VANCOUVER, BC V6C 2V6, Canada. The official website for the company is www.magsilver.com. The company can be reached via phone at (604) 630-1399, via email at info@magsilver.com, or via fax at 604-681-0894.

This page (NYSEAMERICAN:MAG) was last updated on 10/2/2022 by MarketBeat.com Staff

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MAG Silver - MAG Stock Forecast, Price & News

MAG Silver MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month