3-May-2024
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MAG Announces First Quarter 2024 Production From Juanicipio
Globe Newswire (Wed, 24-Apr 6:50 AM ET)
MAG Silver Announces Robust Updated Technical Report for Juanicipio
Globe Newswire (Wed, 27-Mar 6:55 AM ET)
MAG Silver Provides Notice of Updated Juanicipio Technical Report
Globe Newswire (Mon, 25-Mar 6:50 AM ET)
MAG Silver Reports 2023 Annual Financial Results
Globe Newswire (Tue, 19-Mar 6:55 AM ET)
MAG Silver Reports Preliminary 2024 Juanicipio Guidance
Globe Newswire (Tue, 5-Mar 6:50 AM ET)
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.
Mag Silver trades on the AMEX stock market under the symbol MAG.
As of May 3, 2024, MAG stock price declined to $12.28 with 597,138 million shares trading.
MAG has a beta of 0.77, meaning it tends to be less sensitive to market movements. MAG has a correlation of 0.05 to the broad based SPY ETF.
MAG has a market cap of $1.26 billion. This is considered a Small Cap stock.
In the last 3 years, MAG stock traded as high as $24.13 and as low as $8.20.
The top ETF exchange traded funds that MAG belongs to (by Net Assets): GDX, GDXJ, SIL, DFIC, DFAI.
MAG has underperformed the market in the last year with a price return of -7.6% while the SPY ETF gained +27.0%. However, in the short term, MAG had mixed performance relative to the market. It has outperformed in the last 3 months, returning +33.6% vs +3.7% return in SPY. But in the last 2 weeks, MAG shares have been beat by the market, returning -1.0% compared to an SPY return of +3.3%.
MAG support price is $11.91 and resistance is $12.81 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MAG stock will trade within this expected range on the day.