MAG Silver Corp. (AMEX: MAG)’s stock price has gone rise by 6.02 in comparison to its previous close of 10.80, however, the company has experienced a 24.32% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-06 that MAG Silver (MAG) expects the silver head grade at Juanicipio between 380 g/t and 420 g/t for 2024.
Is It Worth Investing in MAG Silver Corp. (AMEX: MAG) Right Now?
MAG Silver Corp. (AMEX: MAG) has a price-to-earnings ratio that is above its average at 24.26x. The stock has a 36-month beta value of 1.17. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MAG is 92.66M, and at present, short sellers hold a 3.07% of that float. On April 03, 2024, the average trading volume of MAG was 717.50K shares.
MAG’s Market Performance
The stock of MAG Silver Corp. (MAG) has seen a 24.32% increase in the past week, with a 32.52% rise in the past month, and a 9.99% gain in the past quarter. The volatility ratio for the week is 6.07%, and the volatility levels for the past 30 days are at 4.69% for MAG. The simple moving average for the last 20 days is 22.39% for MAG’s stock, with a simple moving average of 10.09% for the last 200 days.
MAG Trading at 26.34% from the 50-Day Moving Average
After a stumble in the market that brought MAG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.60% of loss for the given period.
Volatility was left at 4.69%, however, over the last 30 days, the volatility rate increased by 6.07%, as shares surge +27.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.96% upper at present.
During the last 5 trading sessions, MAG rose by +24.32%, which changed the moving average for the period of 200-days by -7.44% in comparison to the 20-day moving average, which settled at $9.48. In addition, MAG Silver Corp. saw 9.99% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for MAG
The total capital return value is set at 0.06. Equity return is now at value 10.71, with 10.40 for asset returns.
Based on MAG Silver Corp. (MAG), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -104.79. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -3.59.
Currently, EBITDA for the company is -14.23 million with net debt to EBITDA at 4.92. The liquidity ratio also appears to be rather interesting for investors as it stands at 15.04.
Conclusion
To sum up, MAG Silver Corp. (MAG) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
