While MAG Silver Corp has underperformed by -2.79%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MAG rose by 74.51%, with highs and lows ranging from $18.27 to $8.97, whereas the simple moving average jumped by 10.32% 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’.
Analysis of MAG Silver Corp (MAG)
To gain a thorough understanding of MAG Silver Corp’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 14.17% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 45.24, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and MAG is recording an average volume of 601.82K. On a monthly basis, the volatility of the stock is set at 5.33%, whereas on a weekly basis, it is put at 5.09%, with a gain of 1.39% over the past seven days. Furthermore, long-term investors anticipate a median target price of $19.38, showing growth from the present price of $16.02, 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?
A leading company in the Silver sector, MAG Silver Corp (MAG) is 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 21.38, there is a growth in quarterly earnings of 20.47%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 9.97%. 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 56.61% 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 56.61% at present.
