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Mag Silver Corp (MAG-T)
TSE:MAG
24.25
1.11
(4.80%) 1d
Financials
Technical Analysis
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Grinch extends sell-offWeekly 52-Week Low (or 52-Week High): BDT-T, BN-T, YES-X, SPB-T and More 52-Week Highs and Lows (Oct 09-15)Stocks extend declinesThis summary was created by AI, based on 1 opinions in the last 12 months.
Mag Silver Corp, known by its ticker MAG-T, is receiving positive feedback from experts, particularly highlighting the company's recent transition into production at its mine located in Mexico, which is considered a safe investment environment. With 2024 set to be the first year where substantial revenue and cash flow are anticipated, the market sentiment appears optimistic regarding the growth potential of the stock. Analysts note that MAG has been performing well this year as it garners attention as a producing company, suggesting a re-rating in its valuation. The stock is perceived as reasonable in terms of pricing, indicating that it retains significant prospects for both growth and further exploration in the future.
$17.600
Unknown
Expectations got way too high a couple of years ago. Still a fair amount of exploration and operating upside. High quality silver companies are rare. At the end of a precious metals bull market, silver stocks tend to outperform.
MAG has a good project in Mexico. However, with Americas Silver, you have better leverage with active mines. Execution from a time perspective will come up faster. However, he has a $21 target for MAG. Silver will probably move faster than gold. If silver hits $20, he would go with SPM.
Market timing? Is now the time to buy something like Mag Silver (MAG-T) and buy something like Manulife (MFC-T) after a market correction in Sept/Oct? Trying to time this market is very difficult. If the Standard & Poor’s 500 Index breaks 2350, get out of the way. There is probably at least a 20% downside in the market, if history is any guide. That is 2.5X BV.
Mexican silver. A joint venture with Fresnillo, the largest primary silver producer globally. These are the extension of the veins in the Fresno District onto the joint venture ground, which is 44% owned by MAG Silver. High grade, very robust economic. They are finding at depth in the Waldo Canyon that the grade is getting better. That has given the joint venture cause to increase the scope of the project. (Analysts’ price target is $25.25.)
They have 42% of the Juanicipio deposit in Mexico. Probably the best, highest grade silver deposit out there held by a junior. Have recently been finding additional mineralization at depth at a lower level, which is not uncommon in Mexico. Looks pretty positive.
One of the best undeveloped silver deposits on the globe. Could be taken over by someone who could be stronger with the other partner.
Mag Silver Corp(MAG-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 1
Mag Silver Corp(MAG-T) Frequently Asked Questions
What is Mag Silver Corp stock symbol?
Mag Silver Corp is a Canadian stock, trading under the symbol MAG-T on the Toronto Stock Exchange (MAG-CT). It is usually referred to as TSX:MAG or MAG-T
Is Mag Silver Corp a buy or a sell?
In the last year, 1 stock analyst published opinions about MAG-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Mag Silver Corp.
Is Mag Silver Corp a good investment or a top pick?
Mag Silver Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Mag Silver Corp.
Why is Mag Silver Corp stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Mag Silver Corp worth watching?
1 stock analyst on Stockchase covered Mag Silver Corp In the last year. It is a trending stock that is worth watching.
What is Mag Silver Corp stock price?
On 2025-02-12, Mag Silver Corp (MAG-T) stock closed at a price of $24.25.
We think MAG fits the bill. Its Mexican (safe) mine only recently went into production, and 2024 will be the first year of material revenue/cash flow for the company. The stock is acting well this year as it gets re-rated as a producer. It is not overly expensive and has good growht/exploration potential.
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