While MAG Silver Corp has underperformed by -2.30%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MAG rose by 51.69%, with highs and lows ranging from $18.27 to $8.19, whereas the simple moving average jumped by 29.98% in the last 200 days.
On October 24, 2024, ROTH MKM Downgraded MAG Silver Corp (AMEX: MAG) to Neutral. A report published by Canaccord Genuity on April 25, 2024, Upgraded its rating to ‘Buy’ for MAG. BMO Capital Markets initiated its ‘Outperform’ rating for MAG, as published in its report on September 14, 2023. Scotiabank’s report from June 29, 2023 suggests a price prediction of $16 for MAG shares, giving the stock a ‘Sector Perform’ rating. Scotiabank also rated the stock as ‘Sector Perform’.
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Analysis of MAG Silver Corp (MAG)
One of the most important indicators of MAG Silver Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 11.88% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 28.03, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and MAG is recording 620.23K average volume. On a monthly basis, the volatility of the stock is set at 3.91%, whereas on a weekly basis, it is put at 4.89%, with a loss of -8.80% over the past seven days. Furthermore, long-term investors anticipate a median target price of $18.60, showing growth from the present price of $16.17, which can serve as yet another indication of whether MAG is worth investing in or should be passed over.
How Do You Analyze MAG Silver Corp Shares?
The Silver market is dominated by MAG Silver Corp (MAG) based in the Canada. When comparing MAG Silver Corp shares with other companies under Basic Materials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 27.42, there is a growth in quarterly earnings of 10.57%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 10.00%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 61.22% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MAG shares are owned by institutional investors to the tune of 61.22% at present.
