NYSEAMERICAN:MAG

MAG Silver - MAG Stock Forecast, Price & News

$12.38

-0.16 (-1.28%)

(As of 03/24/2023 12:00 AM ET)

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Today's Range: $12.19
▼
$12.75
50-Day Range: N/A
52-Week Range: $10.32
▼
$18.47

Volume: 707,855 shs
Average Volume: 691,108 shs
Market Capitalization: $1.27 billion

P/E Ratio: 44.21
Dividend Yield: N/A
Price Target: $24.79

Institutional Ownership

MAG Silver MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 100.3% Upside
$24.79 Price Target
Short Interest: Healthy
2.12% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 214.63%
From $0.41 to $1.29 Per Share

Overall MarketRank^™

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

2.56 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
MAG Silver has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $24.79, MAG Silver has a forecasted upside of 100.3% from its current price of $12.38.
Amount of Analyst Coverage
MAG Silver has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.12% 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 4.
Change versus previous month
Short interest in MAG Silver has recently decreased by 6.76%, indicating that investor sentiment is improving 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.

1.5

News and Social Media Coverage

News Sentiment
MAG Silver has a news sentiment score of -0.39. 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 lower news sentiment than the 0.36 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 1 article on an average week.
Search Interest
Only 4 people have searched for MAG on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
MarketBeat Follows
2 people have added MAG Silver to their MarketBeat watchlist in the last 30 days. This is an increase of 100% 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
40.06% 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 214.63% in the coming year, from $0.41 to $1.29 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MAG Silver is 44.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.59.
Price to Earnings Ratio vs. Sector
The P/E ratio of MAG Silver is 44.21, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 88.65.
Price to Book Value per Share Ratio
MAG Silver has a P/B Ratio of 3.29. 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. operates as a Canadian development and exploration company, which focuses on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district scale, silver-dominant projects in the Americas. Its principal focus and asset is the Juanicipio Project (44%), being developed with Fresnillo Plc (56%), the Operator. The project is located in the Fresnillo Silver Trend in Mexico, the world's premier silver mining camp, where the Juanicipio shareholders are currently developing an underground mine and constructing a 4,000 tonnes per day processing plant. MAG is also exploring at the Deer Trail 100% earn-in project in Utah. The company was founded by Peter Kenneth McNeill Megaw, Frank R. Hallam and Michael R. Jones on April 21, 1999 and is headquartered in Vancouver, Canada.

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MAG Stock News Headlines

March 24, 2023 | finance.yahoo.com

Is the Options Market Predicting a Spike in MAG Silver (MAG) Stock?

March 17, 2023 | finance.yahoo.com

MAG Silver Corp. (MAG) Stock Historical Prices & Data - Yahoo Finance

March 26, 2023 | Stansberry Research (Ad)

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March 13, 2023 | ca.finance.yahoo.com

Zacatecas Silver Announces Exploration Plans Targeting Expansion of Esperanza Gold Project

February 17, 2023 | markets.businessinsider.com

Analysts Conflicted on These Materials Names: North American Construction Group (NOA), MAG Silver (MAG) and Teck Resources (TECK)

February 17, 2023 | markets.businessinsider.com

BMO Capital Keeps Their Hold Rating on MAG Silver (MAG)

February 16, 2023 | msn.com

MAG Silver closes CAD23.02M private placement

February 16, 2023 | finance.yahoo.com

MAG Silver Closes C$23 Million Common Share Flow-Through Private Placement

March 26, 2023 | Oxford Club (Ad)

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February 7, 2023 | finance.yahoo.com

Mag Silver Closes US$42.6 Million Common Share Offering

February 3, 2023 | msn.com

Do Options Traders Know Something About MAG Silver (MAG) Stock We Don't?

January 26, 2023 | markets.businessinsider.com

National Bank Keeps Their Hold Rating on Fortuna Silver Mines (FSM)

January 26, 2023 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Materials Stocks: MAG Silver (MAG), North American Construction Group (NOA) and Equinox Gold (EQX)

January 26, 2023 | marketwatch.com

MAG Silver Shares Fall After Stock Offerings

January 26, 2023 | finanznachrichten.de

MAG Silver Corp.: MAG Silver Announces US$40 Million Bought Deal MJDS Prospectus Offering and C$20 Million Bought Deal Flow-Through Private Placement

January 25, 2023 | msn.com

MAG Silver stock slips ~5% after launching bought deal offering

January 25, 2023 | msn.com

MAG Silver slides on C$40M bought deal financing

January 25, 2023 | finance.yahoo.com

MAG Silver Announces US$40 Million Bought Deal MJDS Prospectus Offering and C$20 Million Bought Deal Flow-Through Private Placement

January 18, 2023 | sg.finance.yahoo.com

GR Silver Mining Announces Appointment of Larry Taddei to Board of Directors

January 18, 2023 | proactiveinvestors.com

GR Silver Mining announces appointment of industry veteran Larry Taddei to its board of directors

January 12, 2023 | wsj.com

Majuba Hill Copper Announces Former Geospatial Advisor to Mag Silver Appointed to Majuba's Advisory Board

January 11, 2023 | seekingalpha.com

MAG Silver: An Exciting Year Ahead

January 10, 2023 | proactiveinvestors.com

Silver for today, gold for tomorrow, says Stifel GMP as US interest rates peak

December 31, 2022 | finance.yahoo.com

With 57% ownership, MAG Silver Corp. (TSE:MAG) boasts of strong institutional backing

December 28, 2022 | finanznachrichten.de

MAG Silver Corp.: MAG Silver Reports on the Juanicipio Project

December 28, 2022 | finance.yahoo.com

MAG Silver Reports on the Juanicipio Project

December 22, 2022 | benzinga.com

Zacatecas Silver Annual Letter to Shareholders

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MAG Company Calendar

Last Earnings: 11/15/2021
Today: 3/25/2023
Next Earnings (Estimated): 3/29/2023
Fiscal Year End: 12/31/2023

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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: $24.79
High Stock Price Forecast: $28.25
Low Stock Price Forecast: $17.00
Forecasted Upside/Downside: +100.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.28
Trailing P/E Ratio: 44.21
Forward P/E Ratio: 30.20
P/E Growth: N/A
Net Income: $6.03 million
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: 7.09%
Return on Assets: 7.00%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 26.20
Quick Ratio: 26.20

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: $0.06 per share
Price / Cash Flow: 196.70
Book Value: $3.76 per share
Price / Book: 3.29

Miscellaneous

Outstanding Shares: 102,850,000
Free Float: 93,864,000
Market Cap: $1.27 billion
Optionable: Optionable
Beta: 1.10

Key Executives

George N. Paspalas
President, CEO & Non-Independent Director

Fausto di Trapani
Chief Financial Officer

Peter Kenneth McNeill Megaw
Chief Exploration Officer

Marc Turcotte
Vice President-Business Development

W. J. Mallory
Chief Sustainability Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

MAG Stock - Frequently Asked Questions

Should I buy or sell MAG Silver stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MAG Silver in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities 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 2023?: 1 equities research analysts have issued 12 month target prices for MAG Silver's shares. Their MAG share price forecasts range from $17.00 to $28.25. On average, they anticipate the company's stock price to reach $24.79 in the next twelve months. This suggests a possible upside of 100.3% 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 $11.94 at the beginning of 2023. Since then, MAG shares have increased by 3.7% and is now trading at $12.38.
View the best growth stocks for 2023 here.
Are investors shorting MAG Silver?: MAG Silver saw a decrease in short interest in the month of February. As of February 28th, there was short interest totaling 2,070,000 shares, a decrease of 6.8% from the February 13th total of 2,220,000 shares. Based on an average trading volume of 518,700 shares, the days-to-cover ratio is currently 4.0 days. Approximately 2.1% of the shares of the stock 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 Wednesday, March 29th 2023.
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, November, 15th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.01 by $0.03.

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."
Who are MAG Silver's major shareholders?: MAG Silver's stock is owned by a variety of institutional and retail investors. Top institutional investors include Sprott Inc. (5.10%), First Eagle Investment Management LLC (5.17%), Van ECK Associates Corp (3.92%), Mirae Asset Global Investments Co. Ltd. (2.54%), Mackenzie Financial Corp (1.53%) and Gilder Gagnon Howe & Co. LLC (1.32%).
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.
What is MAG Silver's stock price today?: One share of MAG stock can currently be purchased for approximately $12.38.
How much money does MAG Silver make?: MAG Silver (NYSEAMERICAN:MAG) has a market capitalization of $1.27 billion. The company earns $6.03 million in net income (profit) each year or $0.28 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 3/26/2023 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

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About MAG Silver (NYSEAMERICAN:MAG) Stock

MAG Stock News Headlines

MAG Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

MAG Stock - Frequently Asked Questions

Overall MarketRank^™