Should I buy or sell MAG Silver stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MAG Silver in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities 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 shares. Their MAG share price targets range from $15.50 to $23.50. On average, they predict the company's share price to reach $20.31 in the next year. This suggests a possible upside of 129.0% from the stock's current price. View analysts price targets for MAG or view top-rated stocks among Wall Street analysts .

Are investors shorting MAG Silver?

MAG Silver saw a increase in short interest in January. As of January 15th, there was short interest totaling 2,670,000 shares, an increase of 19.7% from the December 31st total of 2,230,000 shares. Based on an average trading volume of 714,700 shares, the days-to-cover ratio is presently 3.7 days. Approximately 2.9% 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 Monday, March 25th 2024. View our MAG earnings forecast .

How were MAG Silver's earnings last quarter?

MAG Silver Corp. (NYSEAMERICAN:MAG) released its quarterly 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 investors include Van ECK Associates Corp (9.02%), First Eagle Investment Management LLC (6.20%), Mirae Asset Global Investments Co. Ltd. (2.38%), Azarias Capital Management L.P. (0.79%), Jennison Associates LLC (0.48%) and Cannell & Co. (0.25%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSEAMERICAN:MAG

MAG Silver (MAG) Stock Price, News & Analysis

$8.87

+0.05 (+0.57%)

(As of 02/9/2024 08:56 PM ET)

Compare

Today's Range: $8.76
▼
$8.90
50-Day Range: N/A
52-Week Range: $8.76
▼
$14.42

Volume: 400,000 shs
Average Volume: 617,329 shs
Market Capitalization: $913.34 million

P/E Ratio: 27.72
Dividend Yield: N/A
Price Target: $20.31

Stock Analysis Analyst Forecasts Chart Earnings Headlines Ownership Short Interest

Get MAG Silver alerts:

MAG Silver MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 129.0% Upside
$20.31 Price Target
Short Interest: Healthy
2.88% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.96
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 109.09%
From $0.44 to $0.92 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.89 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 $20.31, MAG Silver has a forecasted upside of 129.0% from its current price of $8.87.
Amount of Analyst Coverage
MAG Silver has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.88% 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 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in MAG Silver has recently increased by 19.73%, 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.

3.9

News and Social Media Coverage

News Sentiment
MAG Silver has a news sentiment score of 0.96. 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 0.44 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for MAG Silver this week, compared to 1 article on an average week.
Search Interest
11 people have searched for MAG on MarketBeat in the last 30 days. This is an increase of 38% compared to the previous 30 days.
MarketBeat Follows
4 people have added MAG Silver to their MarketBeat watchlist in the last 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 109.09% in the coming year, from $0.44 to $0.92 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MAG Silver is 27.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.39.
Price to Earnings Ratio vs. Sector
The P/E ratio of MAG Silver is 27.72, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 87.13.
Price to Book Value per Share Ratio
MAG Silver has a P/B Ratio of 2.18. 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

February 10, 2024 | finance.yahoo.com

First Eagle Investment Bolsters Stake in MAG Silver Corp

February 8, 2024 | msn.com

'Silver is the new gold' as Egyptians try to protect savings

February 12, 2024 | Weiss Ratings (Ad)

Tech Genius Reveals #1AI Stock For 2024

This AI company just signed a deal with NVIDIA that went unreported by the media. Find out how you can get in on what is being dubbed 'the #1 AI stock for 2024 to buy now'

February 6, 2024 | msn.com

Hampton Roads inventor launches free summit with MapQuest co-founder, magazine editor

February 6, 2024 | finance.yahoo.com

Presidential Silver Medal Honoring Rutherford B. Hayes Available on February 13

February 5, 2024 | msn.com

The 21 Best Silver Chains to Subtly Elevate Your Look

February 5, 2024 | financialpost.com

Zacatecas Silver Closes Book on Upsized Financing

February 5, 2024 | finance.yahoo.com

Ryan Named One of the Best Places to Work in Virginia for the Seventh Consecutive Year by Virginia Business Magazine

February 12, 2024 | Porter and Company (Ad)

Top Analyst Exposes Imminent Crisis Hurtling Towards America

The man who warned of the dot-com blow up, the 2008 housing collapse, and the loss of America’s AAA rating makes a shocking prediction…

February 5, 2024 | msn.com

The Queen of Winter Mariah Carey Sheds Her Layers for a Dazzling Silver Cutout Gown

February 1, 2024 | msn.com

There’s a Silver Lining for the Middle Class in High Interest Rates

January 31, 2024 | msn.com

Punjab woman law officer held for carrying pistol magazine in secretariat

January 30, 2024 | latimes.com

Mid East Tacos

January 30, 2024 | financialpost.com

Update: Silver Tiger Metals to Present at the Battery & Precious Metals Virtual Investor Conference February 1st

January 30, 2024 | msn.com

Texas Home Foreclosures Are Soaring

January 25, 2024 | markets.businessinsider.com

Analysts Conflicted on These Materials Names: Compania de Minas Buenaventura SAA (BVN), Freeport-McMoRan (FCX) and MAG Silver (MAG)

January 13, 2024 | markets.businessinsider.com

Raymond James Keeps Their Buy Rating on MAG Silver (MAG)

January 4, 2024 | theglobeandmail.com

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

December 21, 2023 | juniorminingnetwork.com

MAG Silver Announces the Appointment of Tom Peregoodoff to the Board of Directors as Part of Planned Board Succession

December 21, 2023 | msn.com

MAG Silver appoints Apollo Silver CEO Tom Peregoodoff to its board

December 21, 2023 | finance.yahoo.com

MAG Announces the Appointment of Tom Peregoodoff to the Board of Directors as Part of Planned Board Succession

December 21, 2023 | benzinga.com

MAG Silver Stock (AMEX:MAG) Dividends: History, Yield and Dates

December 14, 2023 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Materials Stocks: Osisko Gold Royalties (OR), Franco-Nevada (FNV) and MAG Silver (MAG)

December 10, 2023 | seekingalpha.com

MAG Silver: Peer-Leading Margins, But Wait For Better Price Levels

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

See More Headlines

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Company Calendar

Last Earnings: 11/10/2023
Today: 2/11/2024
Next Earnings (Estimated): 3/25/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSEAMERICAN
Sector: Basic Materials
Industry: Gold & silver ores
Sub-Industry: N/A
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: $20.31
High Stock Price Target: $23.50
Low Stock Price Target: $15.50
Potential Upside/Downside: +129.0%
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: 27.72
Forward P/E Ratio: 20.16
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: $0.18 per share
Price / Cash Flow: 49.37
Book Value: $4.06 per share
Price / Book: 2.18

Miscellaneous

Outstanding Shares: 102,970,000
Free Float: 93,973,000
Market Cap: $913.34 million
Optionable: Not Optionable
Beta: 1.16

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Key Executives

Mr. George N. Paspalas Acc.Dir (Age 61)
B.E. (Chem.), President, CEO & Non-Independent Director
Comp: $891.76k
Mr. Fausto Di Trapani
Chief Financial Officer
Mr. Michael John Curlook
Vice President of Investor Relations & Communications
Dr. Peter Kenneth McNeill Megaw CPG (Age 71)
Ph.D., Chief Exploration Officer
Comp: $444.76k
Mr. W. J. Mallory
Chief Sustainability Officer
Ms. Jill Neff (Age 46)
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 equities research analysts have issued "buy," "hold," and "sell" ratings for MAG Silver in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities 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 shares. Their MAG share price targets range from $15.50 to $23.50. On average, they predict the company's share price to reach $20.31 in the next year. This suggests a possible upside of 129.0% from the stock's current price.
View analysts price targets for MAG or view top-rated stocks among Wall Street analysts.
Are investors shorting MAG Silver?: MAG Silver saw a increase in short interest in January. As of January 15th, there was short interest totaling 2,670,000 shares, an increase of 19.7% from the December 31st total of 2,230,000 shares. Based on an average trading volume of 714,700 shares, the days-to-cover ratio is presently 3.7 days. Approximately 2.9% 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 Monday, March 25th 2024.
View our MAG earnings forecast.

How were MAG Silver's earnings last quarter?: MAG Silver Corp. (NYSEAMERICAN:MAG) released its quarterly 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 investors include Van ECK Associates Corp (9.02%), First Eagle Investment Management LLC (6.20%), Mirae Asset Global Investments Co. Ltd. (2.38%), Azarias Capital Management L.P. (0.79%), Jennison Associates LLC (0.48%) and Cannell & Co. (0.25%).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSEAMERICAN:MAG) was last updated on 2/12/2024 by MarketBeat.com Staff

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