At the time of writing, MAG Silver Corp. [MAG] stock is trading at $15.11, up 5.81%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MAG shares have gain 4.42% over the last week, with a monthly amount glided 11.84%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
MAG Silver Corp. [AMEX: MAG] stock has seen the most recent analyst activity on April 25, 2024, when Canaccord Genuity upgraded its rating to a Buy. Previously, Scotiabank upgraded its rating to Sector Outperform on March 28, 2024. On November 13, 2023, upgrade upgraded it’s rating to Buy. Scotiabank downgraded its rating to Sector Perform for this stock on January 21, 2022. In a note dated November 30, 2021, TD Securities upgraded an Buy rating on this stock.
For the past year, the stock price of MAG Silver Corp. fluctuated between $8.19 and $14.81. Currently, Wall Street analysts expect the stock to reach $16.25 within the next 12 months. MAG Silver Corp. [AMEX: MAG] shares were valued at $15.11 at the most recent close of the market. An investor can expect a potential return of 7.54% based on the average MAG price forecast.
Analyzing the MAG fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.12 and Total Capital is -0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.57 points at the first support level, and at 14.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.41, and for the 2nd resistance point, it is at 15.71.
Ratios To Look Out For
It is important to note that MAG Silver Corp. [AMEX:MAG] has a current ratio of 28.03. As well, the Quick Ratio is 28.03, while the Cash Ratio is 27.28.
