Mag Silver Corp (MAG-T)
TSE:MAG
21.51
0.67
(3.02%) 1d
Financials
Technical Analysis
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Mag Silver Corp (MAG-T) is experiencing a positive trajectory as it recently commenced production at its mine in Mexico, deemed a safe operating environment. This pivotal moment marks 2024 as the first year where the company can expect significant revenue and cash flow generation, instilling confidence amongst investors. The stock has been performing well this year, benefiting from a re-evaluation as the company transitions to a producer status. Moreover, it is seen as reasonably priced while still holding promising growth and exploration potential, making it an appealing option for investors looking for opportunities in the mining sector.
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.)
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 2025-04-17, Mag Silver Corp (MAG-T) stock closed at a price of $21.51.
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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