MAG Silver Corp. [AMEX: MAG] slipped around -0.4 points on Friday, while shares priced at $11.02 at the close of the session, down -3.50%. The company report on August 7, 2023 at 8:20 PM that MAG Silver Reports Second Quarter Financial Results.
All amounts herein are reported in $000s of United States dollars (“US$”) unless otherwise specified (C$ refers to Canadian dollars).
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MAG Silver Corp. stock is now -29.49% down from its year-to-date (YTD) trading value. MAG Stock saw the intraday high of $11.71 and lowest of $10.99 per share. The company’s 52-week high price is 17.02, which means current price is +5.20% above from all time high which was touched on 01/09/23.
Compared to the average trading volume of 936.22K shares, MAG reached a trading volume of 474929 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about MAG Silver Corp. [MAG]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MAG shares is $19.15 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MAG stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Scotiabank have made an estimate for MAG Silver Corp. shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on June 29, 2023.
The Average True Range (ATR) for MAG Silver Corp. is set at 0.41 The Price to Book ratio for the last quarter was 1.75, with the Price to Cash per share for the same quarter was set at 0.49.
How has MAG stock performed recently?
MAG Silver Corp. [MAG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.46. With this latest performance, MAG shares dropped by -1.43% in over the last four-week period, additionally sinking by -10.62% over the last 6 months – not to mention a drop of -7.00% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MAG stock in for the last two-week period is set at 45.37, with the RSI for the last a single of trading hit 42.99, and the three-weeks RSI is set at 46.28 for MAG Silver Corp. [MAG]. The present Moving Average for the last 50 days of trading for this stock 11.25, while it was recorded at 11.40 for the last single week of trading, and 13.00 for the last 200 days.
MAG Silver Corp. [MAG]: Deeper insight into the fundamentals
Return on Total Capital for MAG is now -3.23, given the latest momentum, and Return on Invested Capital for the company is 4.55. Return on Equity for this stock inclined to 4.56, with Return on Assets sitting at 4.44. When it comes to the capital structure of this company, MAG Silver Corp. [MAG] has a Total Debt to Total Equity ratio set at 0.06. Additionally, MAG Total Debt to Total Capital is recorded at 0.06, with Total Debt to Total Assets ending up at 0.06. Long-Term Debt to Equity for the company is recorded at 0.03, with the Long-Term Debt to Total Capital now at 0.03.
Reflecting on the efficiency of the workforce at the company, MAG Silver Corp. [MAG] managed to generate an average of $2,088,173 per employee.MAG Silver Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 12.90 and a Current Ratio set at 12.90.
Insider trade positions for MAG Silver Corp. [MAG]
The top three institutional holders of MAG stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in MAG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in MAG stock with ownership which is approximately 5.7381%.
