Shares of MAG Silver Corp (MAG, Financial) surged 4.25% in mid-day trading on Oct 18. The stock reached an intraday high of $16.53, before settling at $16.45, up from its previous close of $15.78. This places MAG 0.45% below its 52-week high of $16.53 and 100.73% above its 52-week low of $8.20. Trading volume was 409,322 shares, 70.6% of the average daily volume of 579,698.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for MAG Silver Corp (MAG, Financial) is $17.93 with a high estimate of $21.02 and a low estimate of $15.22. The average target implies an upside of 8.99% from the current price of $16.45. More detailed estimate data can be found on the MAG Silver Corp (MAG) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, MAG Silver Corp's (MAG, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
