MAG Silver
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: 1,813
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
187% more call options, than puts
Call options by funds: $20.7M | Put options by funds: $7.22M
25% more capital invested
Capital invested by funds: $528M [Q2] → $659M (+$131M) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
1.64% less ownership
Funds ownership: 44.37% [Q2] → 42.73% (-1.64%) [Q3]
8% less funds holding
Funds holding: 143 [Q2] → 132 (-11) [Q3]
33% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 24
38% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 52
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
HC Wainwright & Co. Heiko Ihle 51% 1-year accuracy 89 / 175 met price target | 42%upside $20 | Buy Maintained | 13 Nov 2024 |
Roth MKM Joe Reagor 30% 1-year accuracy 11 / 37 met price target | 24%upside $17.50 | Neutral Downgraded | 24 Oct 2024 |
Financial journalist opinion
Based on 4 articles about MAG published over the past 30 days
