The stock of MAG Silver Corp. (MAG) has gone down by -4.32% for the week, with a -12.92% drop in the past month and a 29.02% rise in the past quarter. The volatility ratio for the week is 2.80%, and the volatility levels for the past 30 days are 3.28% for MAG. The simple moving average for the past 20 days is -8.66% for MAG’s stock, with a 7.63% simple moving average for the past 200 days.
Is It Worth Investing in MAG Silver Corp. (AMEX: MAG) Right Now?
The price-to-earnings ratio for MAG Silver Corp. (AMEX: MAG) is 20.40x, which is above its average ratio. Moreover, the 36-month beta value for MAG is 1.12. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MAG is 92.85M and currently, short sellers hold a 3.37% of that float. On June 26, 2024, MAG’s average trading volume was 958.78K shares.
MAG) stock’s latest price update
The stock of MAG Silver Corp. (AMEX: MAG) has decreased by -0.64 when compared to last closing price of 11.70. Despite this, the company has experienced a -4.32% fall in its stock price over the last five trading sessions. zacks.com reported 2024-06-21 that With silver prices on an uptrend and the demand expected to remain strong, the near-term prospects of the Zacks Mining – Silver industry look upbeat. Stocks like FNLPF, FSM, PAAS, HL and MAG are likely to gain from solid growth projects, efforts to improve operational efficiency and lower costs.
MAG Trading at -8.65% 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 -18.71% of loss for the given period.
Volatility was left at 3.28%, however, over the last 30 days, the volatility rate increased by 2.80%, as shares sank -16.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.90% lower at present.
During the last 5 trading sessions, MAG fell by -4.16%, which changed the moving average for the period of 200-days by +12.51% in comparison to the 20-day moving average, which settled at $12.62. In addition, MAG Silver Corp. saw 11.67% 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 0.04. Equity return is now at value 11.97, with 11.69 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 15.27.
Currently, EBITDA for the company is -14.23 million with net debt to EBITDA at 4.97. The liquidity ratio also appears to be rather interesting for investors as it stands at 14.66.
Conclusion
To wrap up, the performance of MAG Silver Corp. (MAG) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
