While this happened, ROTH MKM downgraded its MAG Silver Corp [MAG] rating to a Neutral from a a Buy in a research note published on October 24, 2024; the price target was increased to $17.50 from $17. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who increased its forecast for the stock in late April from “a Speculative buy” to “a Buy”. Scotiabank also remained covering MAG and has increased its forecast on March 28, 2024 with a “Sector outperform” recommendation from previously “Sector perform” rating. TD Securities revised its rating on November 13, 2023. It rated MAG as “a Buy” which previously was an “a Speculative buy”.
Price Performance Review of MAG
On Tuesday, MAG Silver Corp [AMEX:MAG] saw its stock jump 4.49% to $15.58. Over the last five days, the stock has gained 1.04%. MAG Silver Corp shares have risen nearly 14.56% since the year began. Nevertheless, the stocks have risen 26.05% over the past one year. While a 52-week high of $18.08 was reached on 03/25/25, a 52-week low of $11.17 was recorded on 04/08/25. SMA at 50 days reached $15.33, while 200 days put it at $14.88.
Levels Of Support And Resistance For MAG Stock
The 24-hour chart illustrates a support level at 15.19, which if violated will result in even more drops to 14.81. On the upside, there is a resistance level at 15.80. A further resistance level may holdings at 16.03. The Relative Strength Index (RSI) on the 14-day chart is 52.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.94%. Stochastics %K at 27.41% indicates the stock is a holding.
