What is Stifel Canada’s Estimate for MAG Silver Q3 Earnings?

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Research analysts at Stifel Canada issued their Q3 2024 EPS estimates for MAG Silver in a research report issued to clients and investors on Monday, October 21st. Stifel Canada analyst S. Soock forecasts that the company will post earnings per share of $0.21 for the quarter. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share. Stifel Canada also issued estimates for MAG Silver’s FY2024 earnings at $0.92 EPS, FY2025 earnings at $2.58 EPS and FY2026 earnings at $2.46 EPS.

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

A number of other research firms have also recently issued reports on MAG. Stifel Nicolaus raised their target price on shares of MAG Silver from C$21.50 to C$25.00 in a research note on Monday. TD Securities raised their target price on shares of MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. Finally, Raymond James lifted their price objective on shares of MAG Silver from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$22.50.

MAG Silver Price Performance

The company has a 50 day moving average price of C$19.32 and a 200-day moving average price of C$18.03. 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 company has a market cap of C$2.55 billion, a P/E ratio of 31.28, a PEG ratio of 0.84 and a beta of 1.14. MAG Silver has a 12-month low of C$11.15 and a 12-month high of C$24.88.

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.