The price-to-earnings ratio for MAG Silver Corp. (AMEX: MAG) is above average at 27.80x. The 36-month beta value for MAG is also noteworthy at 1.13. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for MAG is 92.68M, and at present, short sellers hold a 3.78% of that float. The average trading volume of MAG on May 10, 2024 was 927.57K shares.
MAG) stock’s latest price update
MAG Silver Corp. (AMEX: MAG) has seen a rise in its stock price by 4.04 in relation to its previous close of 12.61. However, the company has experienced a 6.15% gain in its stock price over the last five trading sessions. MarketBeat reported 2024-04-10 that Silver has surged impressively, defying expectations amidst a buoyant economic landscape and optimistic market sentiments. Its recent rally showcases an upward trajectory, with Silver Futures currently trading at $28.09 per ounce, marking an impressive 17% increase year-to-date from the starting point of $23.95.
MAG’s Market Performance
MAG Silver Corp. (MAG) has seen a 6.15% rise in stock performance for the week, with a 8.52% gain in the past month and a 48.75% surge in the past quarter. The volatility ratio for the week is 2.71%, and the volatility levels for the past 30 days are at 3.94% for MAG. The simple moving average for the past 20 days is 6.47% for MAG’s stock, with a 24.59% simple moving average for the past 200 days.
MAG Trading at 20.75% 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 -2.02% of loss for the given period.
Volatility was left at 3.94%, however, over the last 30 days, the volatility rate increased by 2.71%, as shares surge +7.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +59.22% upper at present.
During the last 5 trading sessions, MAG rose by +6.15%, which changed the moving average for the period of 200-days by +16.52% in comparison to the 20-day moving average, which settled at $12.37. In addition, MAG Silver Corp. saw 26.03% 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
In summary, MAG Silver Corp. (MAG) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
