MAG (MAG Silver Corp.) stock is in for a key growth catalyst

MAG Silver Corp. (AMEX: MAG) closed the day trading at $9.15 up 0.66% from the previous closing price of $9.09. In other words, the price has increased by $+0.06 from its previous closing price. On the day, 891465 shares were traded.

Ratios:

For a better understanding of MAG, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.10 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 83.73. For the most recent quarter (mrq), Quick Ratio is recorded 10.53 and its Current Ratio is at 10.53. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MAG now has a Market Capitalization of 936.80M and an Enterprise Value of 878.45M. As of this moment, MAG’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.40, and their Forward P/E ratio for the next fiscal year is 15.04.

Stock Price History:

Over the past 52 weeks, MAG has reached a high of $14.42, while it has fallen to a 52-week low of $8.19. The 50-Day Moving Average of the stock is 9.26, while the 200-Day Moving Average is calculated to be 10.64.

Shares Statistics:

Over the past 3-months, MAG traded about 693.78K shares per day on average, while over the past 10 days, MAG traded about 688.9k shares per day. A total of 98.96M shares are outstanding, with a floating share count of 92.66M. Insiders hold about 10.00% of the company’s shares, while institutions hold 58.86% stake in the company. Shares short for MAG as of Feb 15, 2024 were 3.06M with a Short Ratio of 4.40, compared to 2.67M on Jan 12, 2024.

Earnings Estimates

Current recommendations for the stock of the company come from 8 analysts. On average, analysts expect EPS of $0.13 for the current quarter, with a high estimate of $0.21 and a low estimate of $0.1, while EPS last year was -$0.01. The consensus estimate for the next quarter is $0.16, with high estimates of $0.29 and low estimates of $0.09.

Analysts are recommending an EPS of between $0.5 and $0.42 for the fiscal current year, implying an average EPS of $0.45. EPS for the following year is $0.72, with 6 analysts recommending between $1.32 and $0.35.

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