Roth Capital Brokers Lower Earnings Estimates for MAG Silver

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Equities researchers at Roth Capital reduced their FY2024 earnings per share (EPS) estimates for MAG Silver in a research note issued on Tuesday, November 12th. Roth Capital analyst J. Reagor now anticipates that the company will post earnings of $1.12 per share for the year, down from their prior estimate of $1.17. Roth Capital has a “Hold” rating on the stock. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share.

MAG has been the subject of a number of other research reports. Stifel Nicolaus raised their target price on shares of MAG Silver from C$21.50 to C$25.00 in a research report on Monday, October 21st. TD Securities raised their price target on MAG Silver from C$22.00 to C$25.00 in a report on Friday, October 18th. Raymond James boosted their price objective on MAG Silver from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. BMO Capital Markets upped their price target on shares of MAG Silver from C$24.00 to C$26.00 in a research note on Friday, October 25th. Finally, CIBC lifted their price objective on MAG Silver from C$24.00 to C$25.00 in a report on Wednesday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.71.

MAG Silver Stock Down 1.3 %

TSE:MAG opened at C$21.07 on Friday. The company has a market cap of C$2.17 billion, a PE ratio of 26.67, a PEG ratio of 0.84 and a beta of 1.14. MAG Silver has a 52-week low of C$11.15 and a 52-week high of C$25.36. The stock has a 50-day simple moving average of C$20.83 and a 200 day simple moving average of C$18.71. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 28.03.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its quarterly earnings results on Tuesday, November 12th. The company reported C$0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.02.

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.