Magnum Goldcorp Stock Buy Hold or Sell Recommendation
| MGI Stock | CAD 0.02 0.00 0.00% |
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Magnum Goldcorp is 'Hold'. Macroaxis provides Magnum Goldcorp buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding MGI positions. The advice algorithm takes into account all of Magnum Goldcorp's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Magnum Goldcorp's buy or sell advice are summarized below:
Real Value 0.0163 | Hype Value 0.02 | Market Value 0.02 | Naive Value 0.0202 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Magnum Goldcorp given historical horizon and risk tolerance towards Magnum Goldcorp. When Macroaxis issues a 'buy' or 'sell' recommendation for Magnum Goldcorp, the advice is generated through an automated system that utilizes algorithms and statistical models.
Magnum |
Execute Magnum Goldcorp Buy or Sell Advice
The Magnum recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Magnum Goldcorp. Macroaxis does not own or have any residual interests in Magnum Goldcorp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Magnum Goldcorp's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Sell
Market Performance | OK | Details | |
Volatility | Out of control | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Magnum Goldcorp Trading Alerts and Improvement Suggestions
| Magnum Goldcorp is way too risky over 90 days horizon | |
| Magnum Goldcorp has some characteristics of a very speculative penny stock | |
| Magnum Goldcorp appears to be risky and price may revert if volatility continues | |
| The company has accumulated 87.5 K in total debt with debt to equity ratio (D/E) of 3.3, implying the company greatly relies on financing operations through barrowing. Magnum Goldcorp has a current ratio of 0.05, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Magnum Goldcorp until it has trouble settling it off, either with new capital or with free cash flow. So, Magnum Goldcorp's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Magnum Goldcorp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Magnum to invest in growth at high rates of return. When we think about Magnum Goldcorp's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (85.88 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Magnum Goldcorp has accumulated about 333 in cash with (92.26 K) of positive cash flow from operations. | |
| Roughly 35.0% of Magnum Goldcorp outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Closing Bell Magnum Goldcorp Inc flat on Thursday - The Globe and Mail |
Magnum Goldcorp Returns Distribution Density
The distribution of Magnum Goldcorp's historical returns is an attempt to chart the uncertainty of Magnum Goldcorp's future price movements. The chart of the probability distribution of Magnum Goldcorp daily returns describes the distribution of returns around its average expected value. We use Magnum Goldcorp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Magnum Goldcorp returns is essential to provide solid investment advice for Magnum Goldcorp.
| Mean Return | 2.78 | Value At Risk | 0.00 | Potential Upside | 33.33 | Standard Deviation | 20.79 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Magnum Goldcorp historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Magnum Goldcorp Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 555.0 | (115.0) | 412.1K | (403.2K) | (362.8K) | (344.7K) | |
| Capital Expenditures | 84.9K | 113.5K | 104.8K | 370.9K | 426.5K | 447.8K | |
| Net Income | (83.3K) | (97.5K) | (297.9K) | (85.9K) | (98.8K) | (103.7K) | |
| Change To Netincome | (148.6K) | (5.1K) | 111.7K | (36.1K) | (41.5K) | (43.5K) | |
| Investments | (113.5K) | 7.7K | (120.6K) | (370.9K) | (333.8K) | (317.1K) | |
| End Period Cash Flow | 698.0 | 583.0 | 412.7K | 9.6K | 11.0K | 10.4K | |
| Free Cash Flow | (116.9K) | (40.0K) | (515.8K) | (463.2K) | (416.8K) | (437.7K) | |
| Other Non Cash Items | (24.1K) | (11K) | (19.1K) | (41.8K) | (37.6K) | (39.5K) |
Magnum Goldcorp Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Magnum Goldcorp or Metals & Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Magnum Goldcorp's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Magnum stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 2.59 | |
β | Beta against NYSE Composite | 2.03 | |
σ | Overall volatility | 21.45 | |
Ir | Information ratio | 0.13 |
Magnum Goldcorp Volatility Alert
Magnum Goldcorp is displaying above-average volatility over the selected time horizon. Magnum Goldcorp is a penny stock. Although Magnum Goldcorp may be in fact a good investment, many penny stocks are subject to artificial price hype. Make sure you completely understand the upside potential and downside risk of investing in Magnum Goldcorp. We encourage investors to look for signals such as message board hypes, claims of breakthroughs, email spams, sudden volume upswings, and other similar hype indicators. We also encourage traders to check biographies and work history of company officers before investing in instruments with high volatility. You can indeed make money on Magnum instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.Magnum Goldcorp Fundamentals Vs Peers
Comparing Magnum Goldcorp's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Magnum Goldcorp's direct or indirect competition across all of the common fundamentals between Magnum Goldcorp and the related equities. This way, we can detect undervalued stocks with similar characteristics as Magnum Goldcorp or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Magnum Goldcorp's fundamental indicators could also be used in its relative valuation, which is a method of valuing Magnum Goldcorp by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Magnum Goldcorp to competition |
| Fundamentals | Magnum Goldcorp | Peer Average |
| Return On Equity | -0.0273 | -0.31 |
| Return On Asset | -0.0094 | -0.14 |
| Current Valuation | 771.77 K | 16.62 B |
| Shares Outstanding | 38.62 M | 571.82 M |
| Shares Owned By Insiders | 35.08 % | 10.09 % |
| Number Of Shares Shorted | 347 | 4.71 M |
| Price To Earning | (5.71) X | 28.72 X |
| Price To Book | 0.22 X | 9.51 X |
| EBITDA | (291.26 K) | 3.9 B |
| Net Income | (85.88 K) | 570.98 M |
| Cash And Equivalents | 333 | 2.7 B |
| Total Debt | 87.5 K | 5.32 B |
| Debt To Equity | 3.30 % | 48.70 % |
| Current Ratio | 0.05 X | 2.16 X |
| Book Value Per Share | 0.09 X | 1.93 K |
| Cash Flow From Operations | (92.26 K) | 971.22 M |
| Beta | -0.3 | -0.15 |
| Market Capitalization | 772.39 K | 19.03 B |
| Total Asset | 3.63 M | 29.47 B |
| Retained Earnings | (1.92 M) | 9.33 B |
| Working Capital | (21.7 K) | 1.48 B |
| Net Asset | 3.63 M |
Magnum Goldcorp Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Magnum . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Magnum Goldcorp Buy or Sell Advice
When is the right time to buy or sell Magnum Goldcorp? Buying financial instruments such as Magnum Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2023 | 2024 (projected) | Other Current Liabilities | 37.6K | 37.8K | Total Assets | 4.2M | 2.9M |
Use Investing Ideas to Build Portfolios
In addition to having Magnum Goldcorp in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Manufacturing Thematic Idea Now
Manufacturing
Companies that provide goods across residential, commercial and industrial construction such as machinery, tools, or lumber production. The Manufacturing theme has 20 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Manufacturing Theme or any other thematic opportunities.
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Check out Magnum Goldcorp Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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When running Magnum Goldcorp's price analysis, check to measure Magnum Goldcorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Magnum Goldcorp is operating at the current time. Most of Magnum Goldcorp's value examination focuses on studying past and present price action to predict the probability of Magnum Goldcorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magnum Goldcorp's price. Additionally, you may evaluate how the addition of Magnum Goldcorp to your portfolios can decrease your overall portfolio volatility.
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