Roth Capital Research Analysts Lift Earnings Estimates for MAG Silver Corp. (TSE:MAG)

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Roth Capital increased their Q2 2024 earnings per share estimates for shares of MAG Silver in a research report issued on Wednesday, April 24th. Roth Capital analyst J. Reagor now forecasts that the company will post earnings per share of $0.26 for the quarter, up from their previous estimate of $0.23. The consensus estimate for MAG Silver’s current full-year earnings is $0.55 per share. Roth Capital also issued estimates for MAG Silver’s Q3 2024 earnings at $0.25 EPS, Q4 2024 earnings at $0.22 EPS and FY2024 earnings at $0.93 EPS.

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

MAG Silver Stock Performance

Shares of MAG stock opened at C$17.74 on Friday. The firm has a 50 day moving average of C$13.98 and a 200-day moving average of C$13.89. The company has a market cap of C$1.83 billion, a price-to-earnings ratio of 27.72, a price-to-earnings-growth ratio of 0.84 and a beta of 1.00. The company has a quick ratio of 25.31, a current ratio of 15.04 and a debt-to-equity ratio of 0.03. MAG Silver has a 52 week low of C$11.15 and a 52 week high of C$18.51.

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

Insider Activity at MAG Silver

In related news, Senior Officer Peter Megaw sold 76,291 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of C$16.39, for a total transaction of C$1,250,172.99. In other MAG Silver news, Senior Officer Peter Megaw sold 76,291 shares of MAG Silver stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$16.39, for a total transaction of C$1,250,172.99. Also, Director George Nickolas Paspalas sold 11,634 shares of the company’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. In the last quarter, insiders have sold 106,704 shares of company stock valued at $1,752,125. 0.47% of the stock is 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.