MAG Stock Recent News
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Does MAG Silver (MAG) have what it takes to be a top stock pick for momentum investors? Let's find out.
Does MAG Silver (MAG) have what it takes to be a top stock pick for momentum investors? Let's find out.
CADL, HMN and MAG made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on May 19, 2025.
SUBCY, MAG, KARO, CADL and BPOP have been added to the Zacks Rank #1 (Strong Buy) List on May 19, 2025.
SUBCY, MAG and KARO made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 19, 2025.
Pan American Silver is benefiting from high gold and silver prices, strong Q1 results, and robust free cash flow, supporting a bullish outlook. The acquisition of MAG Silver adds a high-margin, long-life silver asset, enhancing Pan American's production profile and future cash flows despite short-term dilution. Pan American's diversified jurisdictional footprint and strong balance sheet position it favorably versus peers, justifying a buy rating at current valuation levels.
Fresnillo PLC (LSE:FRES) has sold most of its shares in MAG Silver following the company's takeover by Pan American Silver, saying the investment no longer fits its strategy. The Mexico-focused miner's 9% holding in MAG would have been reduced to less than 1% under the terms of the all-share acquisition, prompting the exit.
MAG Silver (MAG) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
MAG, CPA and ALNT made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on May 13, 2025.
CPA, BBVA and MAG made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 13, 2025.