TSE:MAG

16.42
0.30 (1.79%) 1d
0

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Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

According to experts, Mag Silver Corp (MAG-T) has high potential for exploration and operating upside, and is considered a rare high quality silver company. They also believe that silver stocks tend to outperform at the end of a precious metals bull market. Expectations were high a couple of years ago, but there is still optimism for the company's future.

Consensus
Positive
Valuation
Fair Value
BUY
Mag Silver Corp

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.

precious metals
BUY
Mag Silver Corp
MAG vs. SIL Both world-class deposits. At current prices, he likes both. Complication around MAG is that there's only one obvious bidder. SIL seems to get better and better, as they get farther along the development curve. He owns both, and both are in Buy range today.
precious metals
BUY
Mag Silver Corp
They have probably found the richest new silver discovery in the last 20 years, in central Mexico. They own 44% of it. Given the pullback from last week, this is a great time. They don't need leverage to silver.
precious metals
COMMENT
Mag Silver Corp

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.

precious metals
PAST TOP PICK
Mag Silver Corp
(A Top Pick Dec 20/18, Up 61%) He still likes this one. See his top picks today. It is getting closer to fair value here. He is still positive on precious metals over the long term. This one is more expensive than in 2000. The global economy has peaked and is in the process of rolling over.
precious metals
BUY
Mag Silver Corp
The silver-gold ratio? The silver-gold ratio is artificial; scarcity shouldn't determine the price, rather by production costs. Gold (price) moves first, but silver moves later and further. He owns a lot of MAG, one of the highest-grade silver deposits in the world. Well-run. Will generates lots of free cash.
precious metals
COMMENT
Mag Silver Corp
Gold will stay strong. Usually silver gets dragged along with it. It’s quite expensive for a silver stock. If you believe gold will hang in, and commodity will come back, then he would be a buyer. It would still be a long term hold still. (Analysts’ price target is $20.50)
precious metals
TOP PICK
Mag Silver Corp
Mag is one of the highest-grade developers in the world. Fresnillo will likely take it out and would push the stock past $23. (Analysts’ price target is $19.79)
precious metals
TOP PICK
Mag Silver Corp
They are in development and should be in production next year. It is a world class asset. It should be a takeover target. (Analysts’ price target is $19.66)
precious metals
TOP PICK
Mag Silver Corp
Oversold and should see a good January bounce. This is one of the lowest-cost silver developers in the world. (Analysts’ price target is $21.11)
precious metals
COMMENT
Mag Silver Corp

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.

precious metals
TOP PICK
Mag Silver Corp

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.)

precious metals
HOLD
Mag Silver Corp

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.

precious metals
BUY
Mag Silver Corp

One of the best undeveloped silver deposits on the globe. Could be taken over by someone who could be stronger with the other partner.

precious metals
BUY ON WEAKNESS
Mag Silver Corp

The best undeveloped high grade silver deposit in the world. They had some problems with a partner so it isn’t the stock to own if you are impatient, but he is not. Large, high grade deposits of anything have made him money over time.

precious metals
Showing 1 to 15 of 26 entries

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

Stockchase rating for Mag Silver Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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 2024-04-12, Mag Silver Corp (MAG-T) stock closed at a price of $16.42.