MAG Silver Corp. (AMEX:MAG) saw an upside of 3.17% to $11.24 after adding $0.34on Wednesday. The 5-day average trading volume is 456,542 shares of the company’s common stock. It has gained $11.33 in the past week and touched a new high 2 times within the past 5 days. An average of 557,255 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,049,748.
MAG’s 1-month performance is -0.13% or $0.02 on its low of $10.64 reached on 08/22/23. The company’s shares have touched a 52-week low of $10.48 and high of $17.02, with the stock’s rally to the 52-week high happening on 01/09/23. YTD, MAG has lost -28.06% or -$4.34 and has reached a new high 4 times. However, the current price is down -33.93% from the 52-week high price.
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Valuation Metrics
MAG stock has a beta of 1.12. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 1.78.
MAG Silver Corp.’s quick ratio for the period ended June 29 was 12.90, with the current ratio over the same period at 12.90. The firm’s gross profit as reported stood at $41.4 million against revenue of $23.38 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -30.93% to -$4.43 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected MAG to announce $0.16 per share in earnings in its latest quarter, but it posted $0.19, representing a 18.80% surprise. EBITDA for the quarter stood at more than -$3.28 million. MAG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 8.88 million, with total debt at $0.2 million.
Let’s look briefly at MAG Silver Corp. (MAG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 53.45% to suggest the stock is trending Neutral, with historical volatility in this time period at 26.72%.
The stock’s 5-day moving average is $10.97, reflecting a +2.96% or $0.32 change from its current price. MAG is currently trading -9.06% above its 20-day SMA, -10.43% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -8.17% and SMA200 by-14.56%.
Stochastic %K and %D was 37.06% and 23.33% and the average true range (ATR) pointed at 0.37. The RSI (14) points at 50.48%, while the 14-day stochastic is at 63.71% with the period’s ATR at 0.39. The stock’s 9-day MACD Oscillator is pointing at -0.06 and -0.18 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for MAG stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate MAG as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 7 have offered a “buy” rating.
What is MAG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $14.35 and a high of $22.00, with their median price target at $17.82. Looking at these predictions, the average price target given by analysts is for MAG Silver Corp. (MAG) stock is $17.64.
