MAG Silver Plunges 5.78% Amid Four-Day Decline

MAG Silver (MAG) shares plunged 5.78% today, marking the fourth consecutive day of decline, with a total drop of 18.81% over the past four days. The stock price hit its lowest level since September 2024, experiencing an intraday decline of 6.83%.

TD Securities recently upgraded MAG Silver shares to a "strong-buy" rating on March 10th, which is a relevant factor influencing the stock price. This upgrade reflects a positive outlook on the company's future performance and potential for growth. Additionally, Raymond James raised their price target for MAG Silver, which could also affect the stock's valuation and investor sentiment. This move by Raymond James indicates confidence in the company's prospects and may attract more investors to the stock.