Cormark Weighs in on MAG Silver’s Q3 Earnings (TSE:MAG)

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Stock analysts at Cormark issued their Q3 2024 earnings per share estimates for shares of MAG Silver in a research note issued to investors on Wednesday, October 23rd. Cormark analyst N. Dion forecasts that the company will post earnings of $0.21 per share for the quarter. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share.

Several other research analysts have also commented on MAG. Roth Capital lowered shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday. TD Securities increased their price target on shares of MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. BMO Capital Markets lifted their price objective on MAG Silver from C$24.00 to C$26.00 in a research report on Friday. Raymond James upped their target price on MAG Silver from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Stifel Nicolaus raised their target price 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 company. According to data from MarketBeat, MAG Silver currently has an average rating of “Moderate Buy” and an average price target of C$23.75.

MAG Silver Stock Performance

Shares of MAG stock opened at C$24.22 on Friday. The firm has a market capitalization of C$2.50 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 0.84 and a beta of 1.14. The stock has a fifty day moving average of C$19.46 and a 200 day moving average of C$18.09. MAG Silver has a 52 week low of C$11.15 and a 52 week high of C$24.88. The company has a quick ratio of 25.31, a current ratio of 28.03 and a debt-to-equity ratio of 0.01.

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

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.