Taking this into account, 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 Monday, MAG Silver Corp [AMEX:MAG] saw its stock jump 6.09% to $17.95. Over the last five days, the stock has gained 20.39%. MAG Silver Corp shares have risen nearly 31.99% since the year began. Nevertheless, the stocks have risen 42.35% over the past one year. While a 52-week high of $18.27 was reached on 05/12/25, a 52-week low of $11.29 was recorded on 04/08/25. SMA at 50 days reached $15.42, while 200 days put it at $14.95.
Levels Of Support And Resistance For MAG Stock
The 24-hour chart illustrates a support level at 17.51, which if violated will result in even more drops to 17.07. On the upside, there is a resistance level at 18.78. A further resistance level may holdings at 19.61. The Relative Strength Index (RSI) on the 14-day chart is 67.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.27, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.93%. Stochastics %K at 85.05% indicates the stock is a selling.
