MAG Price Prediction Next Week
Stock Price Prediction for MAG Silver (MAG)
Based on the analysis of news sentiment and technical indicators, here is the prediction for MAG Silver's stock price for the next trading week:
News Sentiment Analysis:
- Strong Financial Performance: MAG Silver reported a fiscal year GAAP EPS of C$0.75, indicating robust financial results.
- Production and Profit Insights: The company's production and rising metal prices have significantly contributed to the profitability of its Juanicipio project.
- Price Target Update: National Bank has increased the price target for MAG Silver to C$30.50 from C$30.25 while maintaining an Outperform rating.
- Analyst Recommendations: Other analysts have also raised their price targets for MAG Silver, with TD Securities setting it at C$27 and H.C. Wainwright at $21, reflecting positive sentiment towards the company's production outlook.
Technical Indicators Analysis:
- Current Price: $16.70 (as of 2025-03-24) .
- RSI: 64.56 (RSI_6), indicating a neutral position, not overbought or oversold.
- MACD: 0.19, showing a bullish signal as the MACD line crosses above the signal line.
- Fibonacci Levels: Resistance at $17.04 (Fibonacci R1) and support at $14.80 (Fibonacci S1) .
Price Prediction:
Based on the bullish technical indicators and positive news sentiment, the stock is expected to reach $17.04 in the next trading week.
Buy/Sell Recommendation:
Buy MAG Silver as the stock is likely to hit the resistance level of $17.04, supported by strong financial performance and positive analyst sentiment.
MAG Similar Chart Price Prediction
The price of MAG is predicted to go up 36.94%, based on the high correlation periods with LIVE. The similarity of these two price pattern on the periods is 90.34%.
MAG
LIVE
Up: 36.94%Similarity: 90.34%
MAG Revenue Forecast
MAG EPS Forecast
MAG FAQs
What is MAG eps forecast for next quarter？
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.
