MAG Similar Chart Price Prediction
The price of MAG is predicted to go up -8.39%, based on the high correlation periods with GHM. The similarity of these two price pattern on the periods is 97.7%.
MAG
GHM
Down: -8.39%Similarity: 97.7%
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MAG Analyst's Forecast
Joe Reagor
Roth MKM
Strong Buy → Hold
2024-10-24
Price Target
$17 → $18
Downside
-1.96%
Roth MKM downgraded MAG Silver to Neutral from Buy with a price target of $17.50, up from $17. The firm cites valuation for the downgrade as the shares have achieved its price target. Roth continues to believe that Juanicipio is a "world-class asset," but also believes continued operational outperformance could be offset by its forecasted pullback in gold and silver prices in 2025.
