A share price of MAG Silver Corp [MAG] is currently trading at $15.72, up 5.50%. An important factor to consider is whether the stock is rising or falling in short-term value. The MAG shares have gain 3.49% over the last week, with a monthly amount drifted -6.09%, and not 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.
MAG Silver Corp experienced fluctuations in its stock price throughout the past year between $8.19 and $18.27. 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 $15.72 at the most recent close of the market. An investor can expect a potential return of 6.55% based on the average MAG price forecast.
Analyzing the MAG fundamentals
Gross Profit Margin for this corporation currently stands at -17693.35% with Operating Profit Margin at 1149602.87%, Pretax Profit Margin comes in at 1327766.87%, and Net Profit Margin reading is 2403064.52%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.14 and Total Capital is 0.06.
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 15.38 points at the first support level, and at 15.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.04, and for the 2nd resistance point, it is at 16.35.
Ratios To Look Out For
To put it in perspective, the Current Ratio for MAG Silver Corp [AMEX:MAG] is 32.55. On the other hand, the Quick Ratio is 32.55, and the Cash Ratio is 31.5.
