MAG

MAG Silver
MAG

$14.38

1.84%

Market Cap: $1.48B

About: MAG Silver Corp is a Canadian mining company. It is focused on advancing high-grade, district-scale precious metals projects in the Americas. The Company's principal asset is in the Juanicipio Mine located in Zacatecas, Mexico, which achieved commercial production of around 4,000 tonnes per day. The company has also Interest in the Larder project. Also, MAG has an expanded exploration program targeting multiple prospective targets at both Juanicipio and the Deer Trail 100% earn-in project in Utah. The Juanicipio Mine recognizes revenue for silver, gold, lead, and zinc from concentrate sales.

Employees: 2,032

0

Funds holding %

of 6,728 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

107% more call options, than puts

Call options by funds: $14.6M | Put options by funds: $7.03M

21% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 19

11% more capital invested

Capital invested by funds: $467M [Q1] → $519M (+$52.5M) [Q2]

3% more funds holding

Funds holding: 138 [Q1] → 142 (+4) [Q2]

1.18% more ownership

Funds ownership: 42.49% [Q1] → 43.67% (+1.18%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]

0% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 40

See Fund Rankings

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$15.50

8%

upside

Avg. target

$16.83

17%

upside

High target

$18

25%

upside

3 analyst ratings

3 positive

100%

0 neutral

0%

0 negative

0%

Scotiabank Ovais Habib 71% 1-year accuracy 10 / 14 met price target	8%upside $15.50	Sector Outperform Maintained	19 Aug 2024
HC Wainwright & Co. Heiko Ihle 59% 1-year accuracy 94 / 160 met price target	25%upside $18	Buy Maintained	5 Aug 2024
HC Wainwright & Co. Heiko Ihle 59% 1-year accuracy 94 / 160 met price target	18%upside $17	Buy Reiterated	24 Jul 2024

See Analyst Rankings

Financial journalist opinion

Zacks Investment Research

5 Silver Mining Stocks to Watch in a Promising Industry

The near-term prospects of the Zacks Mining - Silver industry look upbeat on rising silver prices and strong demand. Stocks like FNLPF, HL, AG, MAG and VZLA are worth keeping tabs on.

5 Silver Mining Stocks to Watch in a Promising Industry

Zacks Investment Research

Does MAG Silver (MAG) Have the Potential to Rally 28.73% as Wall Street Analysts Expect?

The average of price targets set by Wall Street analysts indicates a potential upside of 28.7% in MAG Silver (MAG). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Does MAG Silver (MAG) Have the Potential to Rally 28.73% as Wall Street Analysts Expect?

MAG Silver: Impressive Juanicipio Q2 Due To Higher Grades And Strong Metal Prices

MAG Silver Corp. owns 44% of Juanicipio, which has seen strong operational performance and an impressive financial result in Q2 2024. Juanicipio produced 5.0Moz of silver in Q2 with a silver equivalent cash cost of $8.86/oz, leading to an upward revision of the 2024 guidance. MAG Silver reported an adjusted EBITDA of $50M, net income of $22M, and free cash flow of $21M in Q2 2024, with a debt-free status and $97M in cash.

MAG Silver: Impressive Juanicipio Q2 Due To Higher Grades And Strong Metal Prices

MAG Silver Reports Second Quarter Financial Results

VANCOUVER, British Columbia, Aug. 02, 2024 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”, or the “Company”) announces the Company's unaudited consolidated financial results for the three months ended June 30, 2024 (“Q2 2024”). For details of the unaudited condensed interim consolidated financial statements of the Company for the three and six months ended June 30, 2024 (“Q2 2024 Financial Statements”) and management's discussion and analysis for the three and six months ended June 30, 2024 (“Q1 2024 MD&A”), please see the Company's filings on the System for Electronic Document Analysis and Retrieval Plus (“SEDAR+”) at (www.sedarplus.ca) or on the Electronic Data Gathering, Analysis, and Retrieval (“EDGAR”) at (www.sec.gov).

MAG Silver Reports Second Quarter Financial Results

MAG Announces Second Quarter 2024 Production From Juanicipio and Increases Grade Guidance

VANCOUVER, British Columbia, July 24, 2024 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) reports production from Juanicipio (56% / 44% Fresnillo plc (“Fresnillo”) and MAG, respectively) for the second quarter (“Q2”) ended June 30, 2024.

MAG Announces Second Quarter 2024 Production From Juanicipio and Increases Grade Guidance

Zacks Investment Research

Will MAG Silver (MAG) Beat Estimates Again in Its Next Earnings Report?

MAG Silver (MAG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will MAG Silver (MAG) Beat Estimates Again in Its Next Earnings Report?

MAG Silver Publishes Third Annual Sustainability Report

VANCOUVER, British Columbia, July 18, 2024 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”, “MAG Silver”, or the “Company”) is pleased to announce the publication of its third annual Sustainability Report, which underscores MAG's fundamental commitment to transparency with its stakeholders while providing a comprehensive overview of the Company's environmental, social and governance (“ESG”) commitments, practices, and performance for the 2023 year. The 2023 Sustainability Report is supported by the MAG Silver Climate Action Statement and the 2023 ESG Performance Data Table. The 2023 Sustainability Report and ESG Data Table are available on the MAG Silver website at the following link: https://magsilver.com/esg/reports/.

MAG Silver Publishes Third Annual Sustainability Report

MAG Provides Update on Silver King Fire In Piute County, Central Utah

VANCOUVER, British Columbia, July 11, 2024 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) reports that its Deer Trail Project in central Utah is being affected by the Silver King Fire in Piute County. In an abundance of caution, exploration operations at the Deer Trail Project have been temporarily paused, with all personnel safe and the Deer Trail site secure. MAG will continue to carefully monitor the situation and comply with all local directives. The Company does not expect this temporary pause in operations to have a material impact on the business.

MAG Provides Update on Silver King Fire In Piute County, Central Utah

Zacks Investment Research

5 Silver Mining Stocks to Gain on Improving Demand & Price Trends

With silver prices on an uptrend and the demand expected to remain strong, the near-term prospects of the Zacks Mining - Silver industry look upbeat. Stocks like FNLPF, FSM, PAAS, HL and MAG are likely to gain from solid growth projects, efforts to improve operational efficiency and lower costs.

5 Silver Mining Stocks to Gain on Improving Demand & Price Trends

Zacks Investment Research

Silver Set to Gain as Market Heads for a Deficit: 4 Stocks to Buy

With silver prices set to gain on an impending demand-supply imbalance this year, we suggest investing in stocks like FNLPF, FSM, MAG and ASM to ride on these trends.

Silver Set to Gain as Market Heads for a Deficit: 4 Stocks to Buy

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