Roth Capital Has Bullish Estimate for MAG Silver Q3 Earnings

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Roth Capital boosted their Q3 2024 earnings per share (EPS) estimates for MAG Silver in a research note issued on Thursday, October 24th. Roth Capital analyst J. Reagor now forecasts that the company will post earnings of $0.37 per share for the quarter, up from their prior estimate of $0.30. Roth Capital currently has a “Hold” rating on the stock. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share. Roth Capital also issued estimates for MAG Silver’s FY2024 earnings at $1.17 EPS.

A number of other equities research analysts have also recently weighed in on the stock. Raymond James boosted their price target on shares of MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a research report on Thursday. Stifel Nicolaus upped their target price on MAG Silver from C$21.50 to C$25.00 in a research report on Monday, October 21st. BMO Capital Markets raised their price target on MAG Silver from C$24.00 to C$26.00 in a research note on Friday. Finally, TD Securities boosted their price objective on MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, MAG Silver currently has an average rating of “Moderate Buy” and a consensus target price of C$23.06.

MAG Silver Stock Performance

Shares of MAG opened at C$24.22 on Friday. The company has a market capitalization of C$2.50 billion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. 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. The stock has a 50 day moving average price of C$19.46 and a 200 day moving average price of C$18.07.

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

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.