HC Wainwright Increases Earnings Estimates for MAG Silver

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Stock analysts at HC Wainwright lifted their FY2024 earnings estimates for MAG Silver in a research report issued on Wednesday, November 13th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings of $1.03 per share for the year, up from their prior estimate of $0.92. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share. HC Wainwright also issued estimates for MAG Silver’s FY2025 earnings at $1.05 EPS.

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

MAG Silver Stock Down 1.3 %

MAG opened at C$21.07 on Thursday. The company has a market capitalization of C$2.17 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 28.03 and a quick ratio of 25.31. MAG Silver has a fifty-two week low of C$11.15 and a fifty-two week high of C$25.36. The business has a 50-day moving average of C$20.83 and a 200-day moving average of C$18.71.

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

MAG Silver Company Profile

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.