How to Buy Mag Silver Stock
Mag Silver Corp
MAG Silver Corp. focuses on the acquisition, exploration, and development of mineral properties primarily in the Americas. The company explores for silver, gold, lead, and zinc deposits.
Mag Silver stock last closed at $12.96, down 0.08% from the previous day, and has increased 0.54% in one year. It has overperformed other stocks in the Silver industry by 0.01 percentage points. Mag Silver stock is currently +58.15% from its 52-week low of $8.20, and -4.85% from its 52-week high of $13.62.
There are currently 102.97M MAG shares outstanding. The market value of MAG is $1.33B. In the last 24 hours, 752,698 MAG shares were traded.
How to Buy Mag Silver Stock
Not sure how to invest in Mag Silver stock? Here's how.
- Decide where to buy Mag Silver stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you choose where to buy Mag Silver stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your investment account: Choose your payment method and add your details.
- Analyze Mag Silver stock: The Mag Silver ticker symbol is MAG. Is Mag Silver stock a good investment? Should you buy shares of MAG? How do MAG's underlying business fundamentals look? Do top analysts think Mag Silver is a good buy? Why has MAG's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if MAG is a good stock to buy).
- Make your MAG buy order: Decide if you will purchase MAG shares at the current market price or use a limit order to purchase MAG stock at a specific price.
- Get the latest scoop on your investment in MAG: Create a watchlist to get the latest news on your position in Mag Silver shares.
Step 1: Decide where to buy Mag Silver stock
You need an online brokerage account in order to access the NYSEMKT market and buy MAG stock.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best brokerage. Here's why:
- You can invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to global financial markets: From Technology to Utilities, New York to Shanghai — you can fill your portfolio with stocks from the globe's top stock exchanges.
- Social investing: eToro offers a community of more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by creating an account with eToro now.
Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen the best brokerage, the next step is to fill out some personal info so you can buy MAG today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to open your new brokerage account.
- Send your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have finished signing up on the highest rated stock app, you need to deposit funds:
Check out the walkthrough below for more details transferring funds into your new investment account.
Step 4: Analyze Mag Silver stock
Once you have figured out the best place to buy Mag Silver stock, it's absolutely critical to research their stock prior to buying, so you truly understand the risk and upside.
Mag Silver shares data
Fundamentals of MAG
WallStreetZen was built to help everyday investors perform more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on MAG's stock page.
How is MAG stock valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge MAG's fair value.
Using relative valuations methods:
- MAG may be overvalued based on its P/E ratio of 27.57x, relative to Silver industry P/E ratio of 4.71x
- MAG may be overvalued based on its P/B ratio of 2.63x, relative to Silver industry P/B ratio of 1.66x
- MAG may be undervalued based on its PEG ratio of 0.21x
You can access additional valuation research on MAG's stock here.
MAG Financials at a glance
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the MAG balance sheet.
- There are more short-term assets than short-term liabilities on the MAG balance sheet.
- MAG has a low debt to equity ratio of 0.03.
- MAG has $68.71M in cash and short term investments. This is sufficient to cover its annual cash burn of $24.17M.
- MAG has cash burn of 24165000. It has sufficient cash and short-term investments to cover this for at least one year.
Negative Financial Indicators:
- Total MAG debt is higher than 5 years ago, relative to shareholder equity.
Do analysts think it's a good time to buy Mag Silver stock
Out of 3 Wall Street analysts who monitor MAG, the consensus analyst rating on Mag Silver is a Strong Buy
It's important to note that analyst ratings are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are forecasting on the Mag Silver stock forecast page.
Metrics for Advanced MAG Traders
MAG Performance Numbers
Last year, MAG earnings were $48.66M. Over the last two year, MAG's earnings have gone up by 179.88% per year. This was faster than the Silver industry average of 59.91%.
Dig into MAG's earnings and revenue performance here.
Latest Insiders Trades at MAG
Over the past 12 months, executives and large shareholders at MAG have not bought or sold any shares.
Research more about who owns MAG shares here.
Can I rely on MAG as an income stream?
No, Mag Silver doesn't provide an income stream by paying out dividends.
What do other traders have to say about MAG?
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your MAG buy order
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly sufficient. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a given price limit, place a limit order.
Hit the Open button and your broker will place the order.
If you need more help investing in stocks on eToro, watch the how to video below:
Step 6: Get the latest scoop on your investment in MAG
Now that you own some shares in MAG, you'll want to stay up-to-date on your company.
Add MAG to a watchlist to track the latest developments regarding your MAG stock.
MAG Feed
How to Buy Stock in Mag Silver
To summarize, here are the 6 steps you need to take to buy Mag Silver stock right now:
- Decide where to buy Mag Silver stock
- Create your brokerage account
- Fund your investment account
- Analyze Mag Silver stock
- Make your MAG buy order
- Get the latest scoop on your investment in MAG
If you are looking for a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep tabs on your new investment in Mag Silver, create a watchlist on WallStreetZen today.
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