Q3 Earnings Estimate for MAG Silver Issued By Stifel Canada

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Analysts at Stifel Canada issued their Q3 2024 earnings estimates for MAG Silver in a research report issued on Monday, October 21st. Stifel Canada analyst S. Soock anticipates that the company will post earnings per share of $0.21 for the quarter. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share. Stifel Canada also issued estimates for MAG Silver’s FY2024 earnings at $0.92 EPS, FY2025 earnings at $2.58 EPS and FY2026 earnings at $2.46 EPS.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued its earnings results on Thursday, August 1st. The company reported C$0.28 EPS for the quarter, topping analysts’ consensus estimates of C$0.27 by C$0.01.

A number of other equities research analysts have also recently weighed in on the stock. Stifel Nicolaus lifted their price target on shares of MAG Silver from C$21.50 to C$25.00 in a research report on Monday, October 21st. TD Securities lifted their price target on shares of MAG Silver from C$22.00 to C$25.00 in a research report on Friday, October 18th. Roth Capital cut shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday. BMO Capital Markets lifted their price objective on shares of MAG Silver from C$24.00 to C$26.00 in a report on Friday. Finally, Raymond James lifted their price objective on shares of MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$23.06.

MAG Silver Price Performance

Shares of MAG stock opened at C$24.22 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 28.03 and a quick ratio of 25.31. The firm’s 50-day moving average is C$19.46 and its two-hundred day moving average is C$18.07. MAG Silver has a 12 month low of C$11.15 and a 12 month high of C$24.88. The company has a market capitalization of C$2.50 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14.

About MAG Silver

MAG Silver Corp. develops and explores for precious metal properties in Canada. It explores for silver, gold, lead, copper, and zinc deposits. The company’s flagship property is the 44% owned Juanicipio property located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp. is headquartered in Vancouver, Canada.