Analyst Price Target is $27.33
▲ +46.17% Upside Potential
This price target is based on 6 analysts offering 12 month price targets for MAG Silver in the last 3 months. The average price target is $27.33, with a high forecast of $33.00 and a low forecast of $22.50. The average price target represents a 46.17% upside from the last price of $18.70.
Current Consensus is
The current consensus among 6 contributing investment analysts is to buy stock in MAG Silver. This Buy consensus rating has held steady for over two years.
MAG Silver Corp. is an exploration and development company focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district scale, silver-dominant projects in the Americas. Its principal focus and asset is the Juanicipio Project, being developed in a Joint Venture partnership with Fresnillo Plc, the Operator. Juanicipio is located in the Fresnillo Silver Trend in Mexico, the world's premier silver mining camp, and the Joint Venture is currently developing an underground mine and constructing a processing plant. An expanded exploration program is in place targeting multiple highly prospective targets both at Juanicipio by the Joint Venture and by MAG at the Deer Trail earn-in project in Utah. MAG Silver was co-founded by Peter Kenneth McNeill Megaw, Frank R. Hallam and Michael R. Jones on April 21, 1999 and is headquartered in Vancouver, Canada.