NYSEAMERICAN:MAG MAG Silver - MAG Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding MAG Silver Corp. Please log in to your account or sign up in order to add this asset to your watchlist. $12.38 -0.16 (-1.28%) (As of 03/24/2023 12:00 AM ET) Add Compare Share Share Today's Range$12.19▼$12.7550-Day Range N/A52-Week Range$10.32▼$18.47Volume707,855 shsAverage Volume691,108 shsMarket Capitalization$1.27 billionP/E Ratio44.21Dividend YieldN/APrice Target$24.79 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media MAG Silver MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside100.3% Upside$24.79 Price TargetShort InterestHealthy2.12% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth214.63%From $0.41 to $1.29 Per ShareSee Full Details Hide Full Details 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 RatingMAG 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/DownsideAccording 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 CoverageMAG Silver has only been the subject of 1 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.12% of the float of MAG Silver has been sold short.Short Interest Ratio / Days to CoverMAG Silver has a short interest ratio ("days to cover") of 4.Change versus previous monthShort interest in MAG Silver has recently decreased by 6.76%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldMAG Silver does not currently pay a dividend.Dividend GrowthMAG Silver does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MAG. Previous Next 1.5 News and Social Media Coverage News SentimentMAG 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 WeekMarketBeat has tracked 1 news article for MAG Silver this week, compared to 1 article on an average week.Search InterestOnly 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 Follows2 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. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MAG Silver insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 8.74% of the stock of MAG Silver is held by insiders.Percentage Held by Institutions40.06% of the stock of MAG Silver is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings 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 MarketThe 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. SectorThe 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 RatioMAG 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. Previous Next See Top Rated MarketRank™ Stocks Here About MAG Silver (NYSEAMERICAN:MAG) StockMAG 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.Read More Receive MAG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MAG Silver and its competitors with MarketBeat's FREE daily newsletter. Email Address MAG Stock News HeadlinesMarch 24, 2023 | finance.yahoo.comIs the Options Market Predicting a Spike in MAG Silver (MAG) Stock?March 17, 2023 | finance.yahoo.comMAG Silver Corp. (MAG) Stock Historical Prices & Data - Yahoo FinanceMarch 26, 2023 | Stansberry Research (Ad)The gold catalyst we’ve waited forIf you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK. March 13, 2023 | ca.finance.yahoo.comZacatecas Silver Announces Exploration Plans Targeting Expansion of Esperanza Gold ProjectFebruary 17, 2023 | markets.businessinsider.comAnalysts Conflicted on These Materials Names: North American Construction Group (NOA), MAG Silver (MAG) and Teck Resources (TECK)February 17, 2023 | markets.businessinsider.comBMO Capital Keeps Their Hold Rating on MAG Silver (MAG)February 16, 2023 | msn.comMAG Silver closes CAD23.02M private placementFebruary 16, 2023 | finance.yahoo.comMAG Silver Closes C$23 Million Common Share Flow-Through Private PlacementMarch 26, 2023 | Oxford Club (Ad)My No. 1 dividend stock for a LIFETIME of income.Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century! I think it's a crying shame folks don't know how powerful dividends are.February 7, 2023 | finance.yahoo.comMag Silver Closes US$42.6 Million Common Share OfferingFebruary 3, 2023 | msn.comDo Options Traders Know Something About MAG Silver (MAG) Stock We Don't?January 26, 2023 | markets.businessinsider.comNational Bank Keeps Their Hold Rating on Fortuna Silver Mines (FSM)January 26, 2023 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Materials Stocks: MAG Silver (MAG), North American Construction Group (NOA) and Equinox Gold (EQX)January 26, 2023 | marketwatch.comMAG Silver Shares Fall After Stock OfferingsJanuary 26, 2023 | finanznachrichten.deMAG Silver Corp.: MAG Silver Announces US$40 Million Bought Deal MJDS Prospectus Offering and C$20 Million Bought Deal Flow-Through Private PlacementJanuary 25, 2023 | msn.comMAG Silver stock slips ~5% after launching bought deal offeringJanuary 25, 2023 | msn.comMAG Silver slides on C$40M bought deal financingJanuary 25, 2023 | finance.yahoo.comMAG Silver Announces US$40 Million Bought Deal MJDS Prospectus Offering and C$20 Million Bought Deal Flow-Through Private PlacementJanuary 18, 2023 | sg.finance.yahoo.comGR Silver Mining Announces Appointment of Larry Taddei to Board of DirectorsJanuary 18, 2023 | proactiveinvestors.comGR Silver Mining announces appointment of industry veteran Larry Taddei to its board of directorsJanuary 12, 2023 | wsj.comMajuba Hill Copper Announces Former Geospatial Advisor to Mag Silver Appointed to Majuba's Advisory BoardJanuary 11, 2023 | seekingalpha.comMAG Silver: An Exciting Year AheadJanuary 10, 2023 | proactiveinvestors.comSilver for today, gold for tomorrow, says Stifel GMP as US interest rates peakDecember 31, 2022 | finance.yahoo.comWith 57% ownership, MAG Silver Corp. (TSE:MAG) boasts of strong institutional backingDecember 28, 2022 | finanznachrichten.deMAG Silver Corp.: MAG Silver Reports on the Juanicipio ProjectDecember 28, 2022 | finance.yahoo.comMAG Silver Reports on the Juanicipio ProjectDecember 22, 2022 | benzinga.comZacatecas Silver Annual Letter to ShareholdersSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MAG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MAG Silver and its competitors with MarketBeat's FREE daily newsletter. Email Address MAG Company Calendar Last Earnings11/15/2021Today3/25/2023Next Earnings (Estimated)3/29/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSEAMERICAN Industry Gold & silver ores Sub-IndustryN/A SectorBasic Materials Current SymbolNYSEAMERICAN:MAG Previous SymbolNYSEMKT:MVG CUSIP55903Q104 CIK1230992 Webwww.magsilver.com Phone(604) 630-1399Fax604-681-0894Employees10Year FoundedN/APrice 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 RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$0.28 Trailing P/E Ratio44.21 Forward P/E Ratio30.20 P/E GrowthN/ANet Income$6.03 million Net MarginsN/A Pretax MarginN/A Return on Equity7.09% Return on Assets7.00% Debt Debt-to-Equity RatioN/A Current Ratio26.20 Quick Ratio26.20 Sales & Book Value Annual SalesN/A Price / SalesN/A Cash Flow$0.06 per share Price / Cash Flow196.70 Book Value$3.76 per share Price / Book3.29Miscellaneous Outstanding Shares102,850,000Free Float93,864,000Market Cap$1.27 billion OptionableOptionable Beta1.10 Key ExecutivesGeorge N. PaspalasPresident, CEO & Non-Independent DirectorFausto di TrapaniChief Financial OfficerPeter Kenneth McNeill MegawChief Exploration OfficerMarc TurcotteVice President-Business DevelopmentW. J. MalloryChief Sustainability OfficerKey CompetitorsIAMGOLDNYSE:IAGCenterra GoldNYSE:CGAUEquinox GoldNYSEAMERICAN:EQXOrla MiningNYSEAMERICAN:ORLAFortuna Silver MinesNYSE:FSMView All CompetitorsInstitutional OwnershipNatixisBought 2,153 shares on 2/24/2023Ownership: 0.002%DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am MainSold 50,000 shares on 2/16/2023Ownership: 0.491%Gateway Wealth Partners LLCBought 11,955 shares on 2/16/2023Ownership: 0.012%Jane Street Group LLCSold 300 shares on 2/15/2023Ownership: 0.000%Legal & General Group PlcBought 982 shares on 2/15/2023Ownership: 0.015%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 Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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