With 1.6 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.22 million shares. The 52-week range on MAG shows that it touched its highest point at $18.98 and its lowest point at $11.18 during that stretch. It currently has a 1-year price target of $20.15. With its current market cap of 1.87 billion, MAG has annualized dividend of $0.38 while the current yield stands at 2.09%. Beta for the stock currently stands at 0.71.
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 1.91%, but this was up by 17.79% over a month. Three-month performance surged to 10.40% while six-month performance rose 24.02%. The stock gained 41.04% in the past year, while it has gained 34.51% so far this year. A look at the trailing 12-month EPS for MAG yields 0.88 with Next year EPS estimates of 0.81. For the next quarter, that number is 0.25. This implies an EPS growth rate of 22.29% for this year and -12.15% for next year.
Float and Shares Shorts:
At present, 103.46 million MAG shares are outstanding with a float of 93.12 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MAG since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.90112 being high and $0.57929 being low. For MAG, this leads to a yearly average estimate of $0.80457.
