MAG Silver Corp. to Post FY2024 Earnings of $1.10 Per Share, Roth Capital Forecasts (TSE:MAG)

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Roth Capital upped their FY2024 EPS estimates for MAG Silver in a report issued on Monday, October 7th. Roth Capital analyst J. Reagor now expects that the company will post earnings of $1.10 per share for the year, up from their previous forecast of $1.01. Roth Capital also issued estimates for MAG Silver’s FY2025 earnings at $0.88 EPS.

MAG has been the topic of several other reports. TD Securities lifted their price objective on MAG Silver from C$21.00 to C$22.00 in a research report on Monday, July 22nd. Stifel Nicolaus lifted their target price on shares of MAG Silver from C$21.25 to C$21.50 in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$21.17.

MAG Silver Trading Down 0.6 %

TSE MAG opened at C$20.32 on Wednesday. The stock has a market cap of C$2.10 billion, a P/E ratio of 26.05, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. MAG Silver has a fifty-two week low of C$11.15 and a fifty-two week high of C$20.91. The stock has a 50 day simple moving average of C$18.26 and a two-hundred day simple moving average of C$17.34. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 28.03.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its earnings results on Thursday, August 1st. The company reported C$0.28 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.27 by C$0.01.

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.