Assessing Whether MAG Silver Corp. (AMEX: MAG) Is Over- Or Undervalued

MAG Silver Corp. (MAG) concluded trading on Wednesday at a closing price of $12.22, with 3.07 million shares of worth about $37.56 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 22.44% during that period and on April 3, 2024 the price saw a gain of about 6.72%. Currently the company’s common shares owned by public are about 102.97M shares, out of which, 92.66M shares are available for trading.

Stock saw a price change of 35.63% in past 5 days and over the past one month there was a price change of 35.93%. Year-to-date (YTD), MAG shares are showing a performance of 17.39% which decreased to -3.55% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.19 but also hit the highest price of $14.42 during that period. The average intraday trading volume for MAG Silver Corp. shares is 736.39K. The stock is currently trading 28.93% above its 20-day simple moving average (SMA20), while that difference is up 34.13% for SMA50 and it goes to 17.55% higher than SMA200.

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MAG Silver Corp. (AMEX: MAG) currently have 102.97M outstanding shares and institutions hold larger chunk of about 59.26% of that.

The stock has a current market capitalization of $1.26B and its 3Y-monthly beta is at 1.16. PE ratio of stock for trailing 12 months is 25.90, while it has posted earnings per share of $0.47 in the same period. It has Quick Ratio of 15.04 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MAG, volatility over the week remained 6.57% while standing at 4.90% over the month.

Analysts are in expectations that MAG Silver Corp. (MAG) stock would likely to be making an EPS of $0.11 in the current quarter, while forecast for next quarter EPS is $0.12 and it is $0.61 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.02 which is $0.17 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.05 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -0.23% while it is estimated to increase by 35.82% in next year.

On September 14, 2023, BMO Capital Markets Resumed their recommendations, while on June 29, 2023, Scotiabank Resumed their ratings for the stock with a price target of $16. Stock get a Sector perform rating from Scotiabank on January 21, 2022.

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