Wall Street Analysts Believe MAG Silver (MAG) Could Rally 26.52%: Here's is How to Trade

Group 1 - MAG Silver's shares have increased by 0.4% over the past four weeks, closing at $15.42, with a mean price target of$19.51 indicating a potential upside of 26.5% [1] - The average of 10 short-term price targets ranges from a low of $16 to a high of$22.93, with a standard deviation of $2.17, suggesting a variability in estimates [2] - Analysts have shown a strong agreement in revising earnings estimates higher, which correlates with potential stock price increases [4][11] Group 2 - The Zacks Consensus Estimate for the current year has risen by 12.2% over the past month, with four estimates increasing and no negative revisions [12] - MAG Silver holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] - While consensus price targets may not be reliable for predicting exact gains, they can indicate the direction of price movement [13]