MAG Silver Corp (MAG) Shares Decline Despite Market Challenges

The stock of MAG Silver Corp (AMEX: MAG) has decreased by -5.64 when compared to last closing price of 17.73. Despite this, the company has experienced a -6.33% fall in its stock price over the last five trading sessions. zacks.com reported 2024-10-29 that Does MAG Silver (MAG) have what it takes to be a top stock pick for momentum investors? Let’s find out.

Is It Worth Investing in MAG Silver Corp (AMEX: MAG) Right Now?

MAG Silver Corp (AMEX: MAG) has a higher price-to-earnings ratio of 28.37x compared to its average ratio, The 36-month beta value for MAG is at 1.15. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for MAG is 92.83M, and currently, shorts hold a 2.84% of that float. The average trading volume for MAG on October 31, 2024 was 630.03K shares.

MAG’s Market Performance

MAG’s stock has seen a -6.33% decrease for the week, with a 14.82% rise in the past month and a 32.04% gain in the past quarter. The volatility ratio for the week is 3.45%, and the volatility levels for the past 30 days are at 3.65% for MAG Silver Corp The simple moving average for the last 20 days is 1.69% for MAG stock, with a simple moving average of 36.11% for the last 200 days.

Analysts’ Opinion of MAG

Many brokerage firms have already submitted their reports for MAG stocks, with ROTH MKM repeating the rating for MAG by listing it as a “Neutral.” The predicted price for MAG in the upcoming period, according to ROTH MKM is $17.50 based on the research report published on October 24, 2024 of the current year 2024.

MAG Trading at 13.18% 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 -8.43% of loss for the given period.

Volatility was left at 3.65%, however, over the last 30 days, the volatility rate increased by 3.45%, as shares surge +15.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.38% upper at present.

During the last 5 trading sessions, MAG fell by -5.71%, which changed the moving average for the period of 200-days by +85.26% in comparison to the 20-day moving average, which settled at $16.46. In addition, MAG Silver Corp saw 60.71% 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 -0.0. Equity return is now at value 11.88, with 11.61 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 -154.61. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -16.71.

Currently, EBITDA for the company is -13.98 million with net debt to EBITDA at 6.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 28.03.

Conclusion

In conclusion, MAG Silver Corp (MAG) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.

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