MAG Silver saw its IBD SmartSelect Composite Rating jump to 97 Wednesday, up from 94 the day before.
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The revised score means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. The market's biggest winners often have a 95 or higher score in the early stages of a new price run, so that's a good item to have on your checklist when looking for the best stocks to buy and watch.
MAG Silver is currently forming a consolidation, with a 17.35 entry. See if the stock can break out in volume at least 40% higher than normal.
The stock earns a 99 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 99% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q4, the company reported 20% EPS growth. Revenue was flat, matching the prior quarter's 0%. The company's next quarterly report is expected on or around May. 12.
MAG Silver earns the No. 26 rank among its peers in the Mining-Gold/Silver/Gems industry group. Agnico-Eagle Mines, Alamos Gold and AngloGold Ashanti are among the top 5 highly-rated stocks within the group.
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