Precious Metals
Analysts From Major Brokerage Firms Release Report On MAG Silver Corp. (MAG)
The stock of MAG Silver Corp. (AMEX:MAG) increased by $0.44 on Friday to finish at $12.73, up 3.58 percent. The last five days have seen an average of…
The stock of MAG Silver Corp. (AMEX:MAG) increased by $0.44 on Friday to finish at $12.73, up 3.58 percent. The last five days have seen an average of 264,940 shares of common stock traded. 9 times new highs were reached in the current year, with a fall of -$3.17. The average number of shares traded over the last 20 days was 522,640, while the average volume over the last 50 days totaled 493,286.
MAG stock appreciated 4.34% since last month. On 09/27/22, the company’s shares reached a one-month low of $10.64. The stock touched a high of $21.73 on 03/08/22, after rallying from a low of $10.32 in 52 weeks. The price of MAG stock has declined by -18.76% or -$3.17 this year, reaching a new high 9 times. Still, the stock price is down -41.42% from the 52-week high.
Valuation Metrics
MAG Silver Corp. (MAG) has a trailing price-to-earnings (P/E) ratio of 75.33. Beta for the stock is 1.07.
Financial Health
For the three months ended March 30, MAG Silver Corp.’s quick ratio was 30.10, while its current ratio was 30.10, indicating its ability to pay off its debt. Based on annual data, it had gross profit of $15.86 million and revenue of $11.4 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. MAG’s return on assets (ROA) during the last 12 months has been 4.50%. In the meantime, the return on equity (ROE) for the last 12 months was 4.60%.
Earnings Surprise
According to MAG Silver Corp.’s quarterly financial report for the quarter that ended March 30. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that MAG Silver Corp.’s quarterly earnings would be $0.03, but it ended up being $0.06. EBITDA was -$3.5 million for the quarter. At the end of MAG Silver Corp.’s most recent quarter ended March 30, its liabilities totaled 4.48 million, while its total debt was $0.37 million.
Technical Picture
Here’s a quick look at MAG Silver Corp.’s (MAG) price momentum from a technical perspective. As of 21 October, the RSI 9-day stood at 49.13%, suggesting the stock is Neutral, with a 43.96% historical volatility rate.
The stochastic %K and %D were 16.90% and 23.21% respectively, while the average true range (ATR) was 0.65. Based on the 14-day stochastic reading of 27.96%, the RSI (14) reading is 49.38%. On the 9-day MACD Oscillator, the stock is at -0.24, and the 14-day reading is at -0.56.
Analyst Ratings
MAG Silver Corp. (AMEX: MAG) was downgraded by Scotiabank to a a Sector perform rating in its latest research report. The stock was previously rated as a a Sector outperform. Analysts have assigned MAG Silver Corp. (MAG) an Overweight rating. MAG is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 7 others recommend it as a buy.
What is MAG’s price target for the next 12 months?
The current consensus forecast for the stock is between $14.42 and $26.00, with a median target price of $17.58. In analyzing these forecasts, the average price target given by analysts for MAG Silver Corp. (MAG) is $18.28.
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