Should I buy or sell MAG Silver stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MAG Silver in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MAG shares. View MAG analyst ratings or view top-rated stocks .

What is MAG Silver's stock price target for 2024?

4 equities research analysts have issued 12 month price objectives for MAG Silver's stock. Their MAG share price targets range from $15.50 to $29.00. On average, they expect the company's share price to reach $22.05 in the next twelve months. This suggests a possible upside of 81.2% 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 2023?

MAG Silver's stock was trading at $10.27 on January 1st, 2023. Since then, MAG stock has increased by 18.5% and is now trading at $12.17. View the best growth stocks for 2023 here .

Are investors shorting MAG Silver?

MAG Silver saw a increase in short interest in October. As of October 31st, there was short interest totaling 3,300,000 shares, an increase of 15.8% from the October 15th total of 2,850,000 shares. Based on an average trading volume of 596,200 shares, the days-to-cover ratio is presently 5.5 days. Approximately 3.6% of the shares of the stock are short sold. View MAG Silver's Short Interest .

How were MAG Silver's earnings last quarter?

MAG Silver Corp. (NYSEAMERICAN:MAG) posted its earnings results on Friday, November, 10th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.07.

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) .

Who are MAG Silver's major shareholders?

MAG Silver's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Van ECK Associates Corp (9.47%), First Eagle Investment Management LLC (5.57%), Sprott Inc. (3.10%), Mirae Asset Global Investments Co. Ltd. (0.00%), Jupiter Asset Management Ltd. (2.30%) and Invesco Ltd. (1.42%). View institutional ownership trends .

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 .

MAG Silver Stock Price, News & Analysis (NYSEAMERICAN:MAG)

$12.17

+0.30 (+2.53%)

(As of 12/1/2023 ET)

Compare

Today's Range: $11.75
▼
$12.19
50-Day Range: N/A
52-Week Range: $9.60
▼
$17.02

Volume: 857,780 shs
Average Volume: 606,978 shs
Market Capitalization: $1.25 billion

P/E Ratio: 38.03
Dividend Yield: N/A
Price Target: $22.05

Stock Analysis Analyst Forecasts Chart Earnings Headlines Ownership Short Interest

MAG Silver MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 81.2% Upside
$22.05 Price Target
Short Interest: Bearish
3.84% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 87.50%
From $0.48 to $0.90 Per Share

Overall MarketRank^™

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

2.20 out of 5 stars

3.4

Analyst's Opinion

Consensus Rating
MAG Silver has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $22.05, MAG Silver has a forecasted upside of 81.2% from its current price of $12.17.
Amount of Analyst Coverage
MAG Silver has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.84% 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 5.8.
Change versus previous month
Short interest in MAG Silver has recently increased by 7.88%, 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.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for MAG Silver this week, compared to 1 article on an average week.
Search Interest
5 people have searched for MAG on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added MAG Silver to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% 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
42.80% of the stock of MAG Silver is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for MAG Silver are expected to grow by 87.50% in the coming year, from $0.48 to $0.90 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MAG Silver is 38.03, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.44.
Price to Earnings Ratio vs. Sector
The P/E ratio of MAG Silver is 38.03, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 87.63.
Price to Book Value per Share Ratio
MAG Silver has a P/B Ratio of 2.55. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About MAG Silver Stock (NYSEAMERICAN:MAG)

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

MAG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MAG Stock News Headlines

November 26, 2023 | americanbankingnews.com

MAG Silver (NYSEAMERICAN:MAG) Upgraded to Sell at StockNews.com

November 25, 2023 | americanbankingnews.com

MAG Silver Sees Unusually Large Options Volume (NYSEAMERICAN:MAG)

December 2, 2023 | DTI Trader (Ad)

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November 22, 2023 | americanbankingnews.com

MAG Silver (NYSEAMERICAN:MAG) Rating Increased to Sell at StockNews.com

November 16, 2023 | finance.yahoo.com

With 64% institutional ownership, MAG Silver Corp. (TSE:MAG) is a favorite amongst the big guns

November 13, 2023 | markets.businessinsider.com

Robust Financial Performance and Promising Exploration Activities Underpin Buy Rating for MAG Silver

November 10, 2023 | msn.com

Silver Spike Investment reports Q3 results

November 10, 2023 | msn.com

MAG Silver GAAP EPS of $0.09 misses by $0.11, revenue of $125.05M

December 2, 2023 | DTI Trader (Ad)

All the trading advice you’ve ever received boils down to this

November 4, 2023 | markets.businessinsider.com

TD Securities Keeps Their Hold Rating on First Majestic Silver (AG)

November 1, 2023 | morningstar.com

MAG Silver Corp MAG

October 27, 2023 | markets.businessinsider.com

Growing Operational Independence and Production Ramp-Up Bolster MAG Silver’s Buy Rating Despite Price Target Reduction

October 26, 2023 | markets.businessinsider.com

Analysts Conflicted on These Materials Names: Owens Corning (OC), MAG Silver (MAG) and Dow Inc (DOW)

October 25, 2023 | finance.yahoo.com

MAG Announces Third Quarter Production From Juanicipio

October 24, 2023 | msn.com

Ultimate Local's Guide to Silver Spring Happy Hour

October 20, 2023 | markets.businessinsider.com

Analysts Offer Insights on Materials Companies: MAG Silver (MAG) and Canfor (OtherCFPZF)

September 18, 2023 | finance.yahoo.com

MAG Silver Publishes Second Annual Sustainability Report

September 1, 2023 | msn.com

MAG Silver: A Better Q2 At Juanicipio

August 17, 2023 | theglobeandmail.com

Closing Bell: MAG Silver Corp down on Thursday (MAG)

August 15, 2023 | theglobeandmail.com

Closing Bell: MAG Silver Corp down on Tuesday (MAG)

August 15, 2023 | markets.businessinsider.com

National Bank Sticks to Their Buy Rating for Pan American Silver (PAAS)

August 8, 2023 | finanznachrichten.de

MAG Silver Corp.: MAG Silver Reports Second Quarter Financial Results

July 28, 2023 | theglobeandmail.com

Closing Bell: MAG Silver Corp up on Friday (MAG)

July 27, 2023 | finance.yahoo.com

Zacks Industry Outlook Highlights MAG Silver, Endeavour Silver and Avino Silver Mines

July 26, 2023 | juniorminingnetwork.com

MAG Silver Announces Second Quarter Production From Juanicipio

July 26, 2023 | seekingalpha.com

MAG Silver rises as Juanicipio mine production ramps up

July 26, 2023 | finance.yahoo.com

MAG Announces Second Quarter Production From Juanicipio

See More Headlines

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Company Calendar

Last Earnings: 11/10/2023
Today: 12/01/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSEAMERICAN
Industry: Gold & silver ores
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: NYSEAMERICAN:MAG
CUSIP: N/A
CIK: N/A
Web: www.magsilver.com
Phone: 604-630-1399
Fax: 604-681-0894
Employees: 11
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $22.05
High Stock Price Target: $29.00
Low Stock Price Target: $15.50
Potential Upside/Downside: +81.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.32
Trailing P/E Ratio: 38.03
Forward P/E Ratio: 25.35
P/E Growth: N/A
Net Income: $17.64 million
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: 7.01%
Return on Assets: 6.88%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 10.53
Quick Ratio: 10.53

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: $0.19 per share
Price / Cash Flow: 65.67
Book Value: $4.77 per share
Price / Book: 2.55

Miscellaneous

Outstanding Shares: 102,950,000
Free Float: 93,951,000
Market Cap: $1.25 billion
Optionable: Not Optionable
Beta: 1.11

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Key Executives

Mr. George N. Paspalas Acc.Dir (Age 60)
B.E. (Chem.), President, CEO & Non-Independent Director
Comp: $870.82k
Mr. Fausto Di Trapani
Chief Financial Officer
Mr. Michael John Curlook
Vice President of Investor Relations & Communications
Dr. Peter Kenneth McNeill Megaw CPG (Age 70)
Ph.D., Chief Exploration Officer
Comp: $434.31k
Mr. W. J. Mallory
Chief Sustainability Officer
Ms. Rubi Lapiz
Controller
Ms. Jill Neff (Age 45)
VP of Governance & Corporate Secretary

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

MAG Stock Analysis - Frequently Asked Questions

Should I buy or sell MAG Silver stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MAG Silver in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MAG shares.
View MAG analyst ratings or view top-rated stocks.
What is MAG Silver's stock price target for 2024?: 4 equities research analysts have issued 12 month price objectives for MAG Silver's stock. Their MAG share price targets range from $15.50 to $29.00. On average, they expect the company's share price to reach $22.05 in the next twelve months. This suggests a possible upside of 81.2% 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 2023?: MAG Silver's stock was trading at $10.27 on January 1st, 2023. Since then, MAG stock has increased by 18.5% and is now trading at $12.17.
View the best growth stocks for 2023 here.
Are investors shorting MAG Silver?: MAG Silver saw a increase in short interest in October. As of October 31st, there was short interest totaling 3,300,000 shares, an increase of 15.8% from the October 15th total of 2,850,000 shares. Based on an average trading volume of 596,200 shares, the days-to-cover ratio is presently 5.5 days. Approximately 3.6% of the shares of the stock are short sold.
View MAG Silver's Short Interest.

How were MAG Silver's earnings last quarter?: MAG Silver Corp. (NYSEAMERICAN:MAG) posted its earnings results on Friday, November, 10th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.07.
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).
Who are MAG Silver's major shareholders?: MAG Silver's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Van ECK Associates Corp (9.47%), First Eagle Investment Management LLC (5.57%), Sprott Inc. (3.10%), Mirae Asset Global Investments Co. Ltd. (0.00%), Jupiter Asset Management Ltd. (2.30%) and Invesco Ltd. (1.42%).
View institutional ownership trends.
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.

This page (NYSEAMERICAN:MAG) was last updated on 12/2/2023 by MarketBeat.com Staff

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