FY2024 EPS Estimates for MAG Silver Lifted by Roth Capital

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Analysts at Roth Capital lifted their FY2024 earnings estimates for shares of MAG Silver in a research report issued on Thursday, January 30th. Roth Capital analyst J. Reagor now expects that the company will post earnings of $1.20 per share for the year, up from their prior forecast of $1.12. Roth Capital has a “Hold” rating on the stock. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share.

Other research analysts have also issued research reports about the stock. TD Securities raised their price target on shares of MAG Silver from C$26.00 to C$27.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Raymond James boosted their target price on shares of MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. CIBC increased their price target on MAG Silver from C$25.00 to C$26.00 in a report on Monday, December 2nd. Stifel Nicolaus boosted their price objective on MAG Silver from C$25.00 to C$25.50 in a research note on Monday, November 25th. Finally, BMO Capital Markets raised their target price on MAG Silver from C$24.00 to C$26.00 in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$25.45.

MAG Silver Trading Down 1.0 %

Shares of MAG stock opened at C$23.04 on Monday. The stock has a 50-day moving average of C$21.18 and a 200-day moving average of C$20.25. The company has a current ratio of 28.03, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01. The stock has a market cap of C$2.38 billion, a price-to-earnings ratio of 29.16, a PEG ratio of 0.84 and a beta of 1.14. MAG Silver has a 1-year low of C$11.15 and a 1-year high of C$25.36.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its quarterly earnings data on Tuesday, November 12th. The company reported C$0.30 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.02.

Insider Buying and Selling

In other MAG Silver news, Director George Nickolas Paspalas sold 50,024 shares of MAG Silver stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of C$21.87, for a total transaction of C$1,094,099.92. 0.96% of the stock is owned by company 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.