Streetbeat News

MAG

MAG Silver Corp.

https://www.magsilver.com

Industry

Silver

MAG Silver Corp. engages in the exploration and development of precious metal mining properties. The company explores for silver, gold, lead, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. The company is headquartered in Vancouver, Canada.

Open

15.06

Mkt cap

1.5B

Volume

473K

High

15.13

P/E Ratio

20.75

52-wk high

18.27

Low

14.70

Div yield

N/A

52-wk low

8.20

CIBC analyst Cosmos Chiu maintains a Neutral rating on MAG Silver and raises the price target from C$17.5 to C$22.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 6:09 pm

HC Wainwright & Co. has reiterated its Buy rating on MAG Silver (AMEX:MAG) and maintained a price target of $17.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:08 pm

Stifel analyst Stephen Soock maintains a Buy rating on MAG Silver (AMEX:MAG) and raises the price target from $20.25 to $20.5.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 6:08 pm

MAG Silver Corp. has filed a preliminary short form base shelf prospectus in Canada and plans to file a corresponding registration statement in the U.S. This will allow the company to offer up to $250M of various securities over a 25-month period once the final prospectus is effective.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 7:44 pm

MAG Silver reported Q1 earnings of $0.14 per share, surpassing the consensus estimate of $0.13, marking a 180% increase from last year's $0.05. Sales rose 46.63% YoY to $827K.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 7:42 pm

MAG Silver's stock price increased following HC Wainwright's decision to maintain a Buy rating and raise its price target from $16 to $17.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 7:30 pm

HC Wainwright & Co. analyst Heiko Ihle maintains a Buy rating on MAG Silver (AMEX:MAG) and raises the price target from $16 to $17.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:29 pm

MAG Silver announced that its Juanicipio project processed 325,684 tonnes of ore in the first quarter. This operational update highlights the project's ongoing development and potential impact on MAG Silver's production capabilities.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:52 am

Gold prices soared to record highs above $2,300 per ounce, marking its sixth week of gains in the past seven, with a 4% rally despite potential delays in anticipated rate cuts by the Fed. The VanEck Gold Miners ETF (GDX) and Newmont Corp. (NEM) experienced significant gains, with GDX reaching 11-month highs and NEM recording its best week in 13 months. Other mining stocks also saw substantial increases, with First Majestic Silver Corp. (AG) leading the pack.

Portfolio Pulse from Piero Cingari

April 05, 2024 | 8:19 pm

HC Wainwright & Co. analyst Heiko Ihle maintains a Buy rating on MAG Silver (AMEX:MAG) but lowers the price target from $19.5 to $16.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 10:15 am

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