Overall market sentiment has been high on MAG Silver Corp (MAG) stock lately. MAG receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
MAG Silver Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MAG!
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With MAG Stock Today?
MAG Silver Corp (MAG) stock is higher by 1.23% while the S&P 500 has fallen -0.24% as of 10:54 AM on Monday, Apr 1. MAG is higher by $0.13 from the previous closing price of $10.58 on volume of 504,470 shares. Over the past year the S&P 500 has risen 27.09% while MAG has fallen -15.80%. MAG earned $0.47 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 22.59.
To see InvestorsObserver's Sentiment Score for MAG Silver Corp click here.
More About MAG Silver Corp
MAG Silver Corp is a Canadian mining company. It is focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district-scale, silver-dominant projects in the Americas. Its principal focus and asset are the Juanicipio Project (44%), being developed in a JV partnership with Fresnillo Plc (56%). Juanicipio is located in the Fresnillo Silver Trend in Mexico, and the JV is constructing and developing the surface and underground infrastructure on the property to support a 4,000tpd mining operation. Also, MAG has an expanded exploration program targeting multiple prospective targets at both Juanicipio and the Deer Trail 100% earn-in prloject in Utah.
Click Here to get the full Stock Report for MAG Silver Corp stock.
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