FY2024 EPS Estimates for MAG Silver Lowered by Raymond James

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Stock analysts at Raymond James cut their FY2024 EPS estimates for MAG Silver in a research note issued to investors on Wednesday, November 13th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $1.04 per share for the year, down from their prior forecast of $1.06. Raymond James has a “Outperform” rating and a $26.00 price objective on the stock. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share.

MAG has been the topic of a number of other research reports. TD Securities upped their target price on shares of MAG Silver from C$22.00 to C$25.00 in a research report on Friday, October 18th. Roth Capital lowered shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. BMO Capital Markets lifted their target price on shares of MAG Silver from C$24.00 to C$26.00 in a report on Friday, October 25th. CIBC upped their price target on MAG Silver from C$24.00 to C$25.00 in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus lifted their price objective on MAG Silver from C$21.50 to C$25.00 in a research note on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, MAG Silver presently has an average rating of “Moderate Buy” and an average price target of C$24.71.

MAG Silver Stock Performance

TSE MAG opened at C$22.10 on Monday. The stock has a fifty day simple moving average of C$20.92 and a 200-day simple moving average of C$18.75. The company has a current ratio of 28.03, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01. The stock has a market cap of C$2.28 billion, a PE ratio of 27.97, a P/E/G ratio of 0.84 and a beta of 1.14. MAG Silver has a twelve month low of C$11.15 and a twelve month high of C$25.36.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued its quarterly earnings data on Tuesday, November 12th. The company reported C$0.30 earnings per share for the quarter, topping 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.