A better buy-in window may exist right now for MAG Silver Corp. (MAG)

With 1.39 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.7 million shares. During the session, the Silver company that operates in wider Basic Materials sector, reached to the highest price of $11.12 whereas the lowest price it dropped to was $10.62. The 52-week range on MAG shows that it touched its highest point at $14.42 and its lowest point at $8.19 during that stretch. It currently has a 1-year price target of $14.60. Beta for the stock currently stands at 1.15.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MAG was up-trending over the past week, with a rise of 17.65%, but this was up by 29.81% over a month. Three-month performance surged to 2.18% while six-month performance rose 3.95%. The stock lost -10.60% in the past year, while it has gained 3.75% so far this year. A look at the trailing 12-month EPS for MAG yields 0.47 with Next year EPS estimates of 0.64. For the next quarter, that number is 0.11. This implies an EPS growth rate of -0.23% for this year and 35.82% for next year.

Float and Shares Shorts:

At present, 102.97 million MAG shares are outstanding with a float of 92.66 million shares on hand for trading. On Mar 15, 2024, short shares totaled 2.84 million, which was 2.76% higher than short shares on Feb 15, 2024. In addition to Mr. George N. Paspalas Acc.Dir, B.E. (Chem.) as the firm’s President, CEO & Non-Independent Director, Mr. Fausto Di Trapani serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 56.42% of MAG’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MAG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.