With over 0.48 million MAG Silver Corp. (MAG) shares trading Friday and a closing price of $10.41 on the day, the dollar volume was approximately $5.01 million. The shares have shown a negative half year performance of -6.55% and its price on 12/29/23 lost nearly -1.51%. Currently, there are 98.96M common shares owned by the public and among those 92.66M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 13 analysts who have offered their price forecasts for MAG have a consensus price objective of $16.07. The analysts have set the share’s price value over the next 12 months at a high of $19.50 and a low of $12.65. The average price target is 35.22% above its recent price level and an upside to the estimated low will see the stock gain 17.71% over that period. But an upside of 46.62% will see the stock hit the forecast high price target while median target price for the stock is $16.17.
Insiders at the company have transacted a total of 4 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 3 of these insider trades were purchases, accounting for 71,863 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 41,494 shares.
The top 3 mutual fund holders in MAG Silver Corp. are BlackRock Global Funds – World Go, VanEck Gold Miners ETF, and First Eagle Gold Fund. BlackRock Global Funds – World Go owns 7.09 million shares of the company’s stock, all valued at over $84.15 million. The company bought an additional 66553.0 shares recently to bring their total holdings to about 6.89% of the shares outstanding. First Eagle Gold Fund now owns shares totaling to 5.28% of the shares outstanding.
Shares of MAG Silver Corp. (AMEX: MAG) opened at $10.44, down -$0.13 from a prior closing price of $10.57. However, the script later moved the day high at 10.52, down -1.51%. The company’s stock has a 5-day price change of -2.25% and 0.39% over the past three months. MAG shares are trading -33.40% year to date (YTD), with the 12-month market performance down to -36.21% lower. It has a 12-month low price of $9.60 and touched a high of $17.02 over the same period. MAG has an average intraday trading volume of 705.92K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.58%, -3.13%, and -9.24% respectively.
Institutional ownership of MAG Silver Corp. (AMEX: MAG) shares accounts for 61.08% of the company’s 98.96M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $1.07B and a beta (3y monthly) value of 1.22. The stock’s trailing 12-month PE ratio is 33.45, while the earnings-per-share (ttm) stands at $0.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.81% over the week and 3.69% over the month.
Analysts forecast that MAG Silver Corp. (MAG) will achieve an EPS of $0.13 for the current quarter, $0.16 for the next quarter and $0.71 for 2024. The lowest estimate earnings-per-share for the quarter is $0.07 while analysts give the company a high EPS estimate of $0.18. Comparatively, EPS for the current quarter was -$0.01 a year ago. Earnings per share for the fiscal year are expected to increase by 169.17%, and 60.66% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 13 brokerage firm advisors rate MAG Silver Corp. (MAG) as a “Strong Buy” at a consensus score of 1.46. Specifically, 9 Wall Street analysts polled rate the stock as a buy, while 2 of the 13 advise that investors “hold,” and 0 rated it as a “Sell.”
