The price of MAG Silver Corp. (AMEX:MAG) shares last traded on Wall Street rose 1.70% to $15.57.
Based on available information, 12 analysts follow MAG Silver Corp. (AMEX:MAG). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $24.00 and a low of $15.30, we find $18.19. Given the previous closing price of $15.31, this indicates a potential upside of 18.81 percent. MAG stock price is now -0.89% away from the 50-day moving average and 11.45% away from the 200-day moving average. The market capitalization of the company currently stands at $2.04B.
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Among analysts, 4 rate the stock a hold while 6 rate it a buy. Brokers who have rated the stock have averaged $18.55 as their price target over the next twelve months.
, while ‘BMO Capital Markets’ rates the stock as ‘Market Perform’.
A total of 0.95% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MAG stock. A new stake in MAG Silver Corp. shares was purchased by 1832 ASSET MANAGEMENT L.P. during the first quarter worth $6,617,000. SLATE PATH CAPITAL LP invested $1,946,000 in shares of MAG during the first quarter. In the first quarter, MIRABELLA FINANCIAL SERVICES LLP acquired a new stake in MAG Silver Corp. valued at approximately $1,899,000. BALYASNY ASSET MANAGEMENT LLC acquired a new stake in MAG for approximately $384,000. D. E. SHAW & CO., INC. purchased a new stake in MAG valued at around $321,000 in the second quarter. In total, there are 202 active investors with 51.96% ownership of the company’s stock.
A candlestick chart of MAG Silver Corp. (AMEX: MAG) showed a price of $15.23 on Friday morning. During the past 12 months, MAG Silver Corp. has had a low of $10.32 and a high of $19.58. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 26.20, and a quick ratio of 26.20. The fifty day moving average price for MAG is $15.73 and a two-hundred day moving average price translates $13.96 for the stock.
The latest earnings results from MAG Silver Corp. (AMEX: MAG) was released for Jun, 2022. According to the Silver Company, earnings per share came in at $0.08, missing analysts’ expectations of $0.11 by -0.03. This compares to -$0.02 EPS in the same period last year. The company reported revenue of $3.22 million for the quarter, compared to $2.28 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 41.32 percent.
MAG Silver Corp.(MAG) Company Profile
MAG Silver Corp. engages in the exploration and development of precious metal mining properties. The company explores for silver, gold, lead, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. The company is headquartered in Vancouver, Canada.
