Q3 2024 EPS Estimates for MAG Silver Corp. Decreased by Analyst (TSE:MAG)

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Research analysts at Raymond James decreased their Q3 2024 earnings estimates for MAG Silver in a note issued to investors on Wednesday, April 24th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.23 per share for the quarter, down from their prior estimate of $0.25. The consensus estimate for MAG Silver’s current full-year earnings is $0.55 per share. Raymond James also issued estimates for MAG Silver’s Q4 2024 earnings at $0.23 EPS.

MAG has been the topic of several other reports. Canaccord Genuity Group upped their price target on shares of MAG Silver from C$20.00 to C$22.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. BMO Capital Markets reduced their target price on MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. Stifel Nicolaus reduced their price target on shares of MAG Silver from C$20.50 to C$20.25 in a research report on Thursday. TD Securities cut their price objective on MAG Silver from C$20.00 to C$18.00 and set a “buy” rating for the company in a research note on Wednesday, March 20th. Finally, National Bankshares lowered their price target on MAG Silver from C$21.75 to C$21.50 in a research note on Friday, April 19th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$19.81.

MAG Silver Stock Up 0.2 %

MAG Silver stock opened at C$17.74 on Friday. MAG Silver has a 1-year low of C$11.15 and a 1-year high of C$18.51. The business has a fifty day moving average price of C$13.98 and a 200-day moving average price of C$13.89. 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 has a market capitalization of C$1.83 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 0.84 and a beta of 1.00.

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

Insider Activity

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

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.