Market Recap: MAG Silver Corp (MAG)’s Positive Momentum, Closing at 16.00

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The closing price of MAG Silver Corp (AMEX: MAG) was $16.00 for the day, up 1.46% from the previous closing price of $15.77. In other words, the price has increased by $1.46 from its previous closing price. On the day, 0.83 million shares were traded. MAG stock price reached its highest trading level at $16.49 during the session, while it also had its lowest trading level at $15.78.

Ratios:

Our analysis of MAG’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 66.90. For the most recent quarter (mrq), Quick Ratio is recorded 45.24 and its Current Ratio is at 45.24. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, ROTH MKM on October 24, 2024, Downgraded its rating to Neutral and sets its target price to $17.50 from $17 previously.

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 1655200000 and an Enterprise Value of 1495090816. As of this moment, MAG’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.35, and their Forward P/E ratio for the next fiscal year is 21.55.

Stock Price History:

The Beta on a monthly basis for MAG is 0.66, which has changed by 0.31578946 over the last 52 weeks, in comparison to a change of 0.05279863 over the same period for the S&P500. Over the past 52 weeks, MAG has reached a high of $18.08, while it has fallen to a 52-week low of $11.17. The 50-Day Moving Average of the stock is 3.54%, while the 200-Day Moving Average is calculated to be 9.75%.

Shares Statistics:

MAG traded an average of 729.84K shares per day over the past three months and 1048840 shares per day over the past ten days. A total of 103.36M shares are outstanding, with a floating share count of 81.99M. Insiders hold about 20.74% of the company’s shares, while institutions hold 61.54% stake in the company. Shares short for MAG as of 1743379200 were 1882703 with a Short Ratio of 2.58, compared to 1740700800 on 2251501. Therefore, it implies a Short% of Shares Outstanding of 1882703 and a Short% of Float of 1.83.

Dividends & Splits

With its trailing 12-month dividend rate of 0.0, MAG has a forward annual dividend rate of 0.18. Against a Trailing Annual Dividend Yield of 0.0

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