MAG Silver Corp (AMEX:MAG) does about 1.27M shares in volume on a normal day but saw 2350130 shares change hands in the recent trading day. The company now has a market cap of 1.93B USD. Its current market price is $18.65, marking a decrease of -0.11% compared to the previous close of $18.67. The 52 week high reached by this stock is $18.98 whilst the lowest price level in 52 weeks is $11.18. The script in recent trading has seen the stock touch a high of $22 and a low of $16.
5 analysts observing the MAG Silver Corp (MAG) stock have set the 12-month price targets for the company’s shares at between $16 and $22. The consensus objective for the share price is $20.34, suggesting that the stock has a potential upside of 8.31% over the period. The median price target is 1.84% away from the current levels at $19.
FactSet Research has provided data showing that 5 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 4 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Buy the stock.
ROTH MKM also downgraded the stock to “Neutral” from Buy on October 24, 2024 at a price target of $17-$17.50.
The current price level is 10.66%, 17.33%, and 23.73% away from its SMA20, SMA50, and SMA200 respectively, with the MAG price moving above the 50-day SMA on current market day. MAG Silver Corp (MAG) stock is up 2.98% over the week and 21.71% over the past month. Its price is 38.53% year-to-date and 41.12% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0.25 and 0.97 for whole year.
Its 12-month price target is $19. To reach the target analysts have set, the stock logically needs to grow 8.31 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $16, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $22.
Outstanding shares total 103.46M with insiders holding 0.81% of the shares and institutional holders owning 55.34% of the company’s common stock. The company has a return on investment of 15.13% and return on equity of 16.27%. The price to earnings ratio (P/E ratio) amounts to 21.21 while the forward price to earnings ratio is 22.83. The beta has a value of 0.71. Price to book ratio is 3.20.
