MAG Silver Corp (MAG) Stock: What Does the Chart Say Thursday?

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!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With MAG Stock Today?

MAG Silver Corp (MAG) stock is down -3.18% while the S&P 500 is higher by 0.11% as of 12:54 PM on Thursday, Oct 12. MAG is down -$0.34 from the previous closing price of $10.68 on volume of 210,019 shares. Over the past year the S&P 500 is higher by 22.09% while MAG is down -18.65%. MAG earned $0.31 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 33.49. To screen for more stocks like 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.