Analyst Price Target is $26.65
▲ +94.24% Upside Potential
This price target is based on 1 analysts offering 12 month price targets for MAG Silver in the last 3 months. The average price target is $26.65, with a high forecast of $29.00 and a low forecast of $21.50. The average price target represents a 94.24% upside from the last price of $13.72.
Current Consensus is
The current consensus among 1 contributing investment analysts is to buy stock in MAG Silver. This rating has held steady since December 2022, when it changed from a Hold consensus rating.
MAG Silver Corp. operates as a Canadian development and exploration company, which focuses 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 (44%), being developed with Fresnillo Plc (56%), the Operator. The project is located in the Fresnillo Silver Trend in Mexico, the world's premier silver mining camp, where the Juanicipio shareholders are currently developing an underground mine and constructing a 4,000 tonnes per day processing plant. MAG is also exploring at the Deer Trail 100% earn-in project in Utah. The company was founded by Peter Kenneth McNeill Megaw, Frank R. Hallam and Michael R. Jones on April 21, 1999 and is headquartered in Vancouver, Canada.