MAG Silver Corp (AMEX:MAG) price on Friday, February 07, fall -1.99% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $15.79.
A look at the stock’s price movement, the close in the last trading session was $16.11, moving within a range at $15.6632 and $16.28. The beta value (5-Year monthly) was 1.131 while the PE ratio in trailing twelve months stood at 21.99. Turning to its 52-week performance, $18.27 and $8.19 were the 52-week high and 52-week low respectively. Overall, MAG moved 11.43% over the past month.
MAG Silver Corp’s market cap currently stands at around $1.63 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 22M for the company’s revenue for the quarter, with a low and high estimate of 22M and 22M respectively.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MAG is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 4 recommend MAG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 1.53, with MAG’s current price about 3.68% and 5.93% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.13, while 7-day volatility ratio is 3.67% and 4.12% in the 30-day chart. Further, MAG Silver Corp (MAG) has a beta value of 1.00, and an average true range (ATR) of 0.64. Analysts have given the company’s stock an average 52-week price target of $16.5, forecast between a low of $16.5 and high of $16.5. Looking at the price targets, the low is -4.5% off current price level while to achieve the yearly target high, price needs to move -4.5%. Nonetheless, investors will most likely welcome a -4.5% jump to $16.5 which is the analysts’ median price.
If we refocus on MAG Silver Corp (AMEX:MAG), historical trading data shows that trading volumes averaged 0.59 over the past 10 days and 556.91K over the past 3 months. The company’s latest data on shares outstanding shows there are 103.31 million shares.
The 9.97% of MAG Silver Corp’s shares are in the hands of company insiders while institutional holders own 58.90% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.61 million on 2025-01-15, giving us a short ratio of 5.63. Current price change has pushed the stock 16.10% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MAG stock continues to rise going into the next quarter.
