MAG Silver Corp. [MAG] stock prices are down -2.41% to $17.43 at the moment. 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 4.12% over the last week, with a monthly amount glided 14.22%, 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 October 24, 2024, when ROTH MKM downgraded its rating to a Neutral and also boosted its price target to $17.50 from $17. Previously, Canaccord Genuity upgraded its rating to Buy on April 25, 2024. On March 28, 2024, upgrade upgraded it’s rating to Sector Outperform. TD Securities upgraded its rating to a Buy. In a note dated January 21, 2022, Scotiabank downgraded an Sector Perform rating on this stock.
The stock price of MAG Silver Corp. [MAG] has been fluctuating between $8.19 and $18.01 over the past year. Currently, Wall Street analysts expect the stock to reach $16.75 within the next 12 months. MAG Silver Corp. [AMEX: MAG] shares were valued at $17.43 at the most recent close of the market. An investor can expect a potential drop of -3.9% 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 17.16 points at the first support level, and at 16.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.84, and for the 2nd resistance point, it is at 18.26.
Ratios To Look Out For
It’s worth pointing out that MAG Silver Corp. [AMEX:MAG]’s Current Ratio is 28.03. As well, the Quick Ratio is 28.03, while the Cash Ratio is 27.28.
