MAG Silver Corp. Forecasted to Earn Q1 2024 Earnings of $0.10 Per Share (TSE:MAG)

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Stock analysts at Cormark issued their Q1 2024 earnings per share estimates for shares of MAG Silver in a research note issued to investors on Monday, April 22nd. Cormark analyst N. Dion forecasts that the company will post earnings of $0.10 per share for the quarter. The consensus estimate for MAG Silver’s current full-year earnings is $0.55 per share.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced its quarterly earnings results on Tuesday, March 19th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.01.

MAG has been the topic of a number of other research reports. BMO Capital Markets reduced their price target on MAG Silver from C$21.50 to C$21.00 in a report on Thursday, January 25th. National Bankshares cut their price objective on MAG Silver from C$21.75 to C$21.50 in a research report on Friday. Raymond James cut their price objective on MAG Silver from C$21.00 to C$19.50 and set an “outperform” rating on the stock in a research report on Thursday, March 28th. Stifel Nicolaus lifted their price objective on MAG Silver from C$19.50 to C$20.50 in a research report on Friday. Finally, TD Securities cut their price objective on MAG Silver from C$20.00 to C$18.00 and set a “buy” rating on the stock in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$19.44.

MAG Silver Stock Down 4.7 %

Shares of TSE:MAG opened at C$16.26 on Tuesday. MAG Silver has a 1 year low of C$11.15 and a 1 year high of C$18.51. The company has a market cap of C$1.67 billion, a PE ratio of 25.41, a P/E/G ratio of 0.84 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 15.04 and a quick ratio of 25.31. The stock’s 50-day moving average is C$13.54 and its 200 day moving average is C$13.80.

Insider Transactions at MAG Silver

In other news, Director George Nickolas Paspalas sold 11,634 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of C$15.85, for a total value of C$184,398.90. In related news, Director George Nickolas Paspalas sold 11,634 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$15.85, for a total value of C$184,398.90. Also, Senior Officer Michael John Curlook sold 18,779 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of C$16.91, for a total transaction of C$317,552.89. Insiders have sold a total of 106,704 shares of company stock valued at $1,752,125 in the last ninety days. 0.47% of the stock is currently owned by corporate insiders.

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.