MAG Silver Corp. (AMEX: MAG) is -5.09% lower on its value in year-to-date trading and has touched a low of $8.19 and a high of $14.42 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MAG stock was last observed hovering at around $9.01 in the last trading session, with the day’s gains setting it 0.87%.
Currently trading at $9.88, the stock is 9.15% and 9.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.01 million and changing 9.66% at the moment leaves the stock -5.29% off its SMA200. MAG registered -18.28% loss for a year compared to 6-month loss of -2.56%. The firm has a 200-day simple moving average (SMA200) of -$63.79.
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The stock witnessed a 16.37% gain in the last 1 month and extending the period to 3 months gives it a -8.43%, and is 3.35% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.84% over the week and 4.47% over the month.
MAG Silver Corp. (MAG) has around 11 employees, a market worth around $1.02B and $0.00M in sales. Current P/E ratio is 20.94 and Fwd P/E is 13.09. Distance from 52-week low is 20.56% and -31.48% from its 52-week high. The company has generated returns on investments over the last 12 months (9.60%).
MAG Silver Corp. quarterly earnings per share for the current quarter are estimated at $0.12 with sales reaching $14M over the same period.The EPS is expected to grow by 5.47% this year, but quarterly earnings will post 1,524.90% year-over-year. Quarterly sales are estimated to grow 2,382.30% in year-over-year returns.
224 institutions hold shares in MAG Silver Corp. (MAG), with institutional investors hold 56.69% of the company’s shares. The shares outstanding are 102.97M, and float is at 92.66M with Short Float at 2.93%. Institutions hold 56.42% of the Float.
The top institutional shareholder in the company is Van Eck Associates Corporation with over 9.34 million shares valued at $104.05 million. The investor’s holdings represent 9.07% of the MAG Shares outstanding. As of Jun 29, 2023, the second largest holder is First Eagle Investment Management, LLC with 5.72 million shares valued at $63.67 million to account for 5.55% of the shares outstanding. The other top investors are ETF Managers Group, LLC which holds 5.42 million shares representing 5.26% and valued at over $68.64 million, while Sprott Inc. holds 3.19% of the shares totaling 3.29 million with a market value of $36.61 million.
