Analysts Set Expectations for MAG Silver FY2024 Earnings

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Research analysts at HC Wainwright upped their FY2024 EPS estimates for shares of MAG Silver in a note issued to investors on Wednesday, November 13th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings of $1.03 per share for the year, up from their prior forecast of $0.92. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share. HC Wainwright also issued estimates for MAG Silver’s FY2025 earnings at $1.05 EPS.

A number of other equities research analysts also recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of MAG Silver from C$24.00 to C$26.00 in a research note on Friday, October 25th. Roth Capital lowered shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Stifel Nicolaus boosted their price objective on shares of MAG Silver from C$21.50 to C$25.00 in a research report on Monday, October 21st. CIBC upped their target price on MAG Silver from C$24.00 to C$25.00 in a research note on Wednesday. Finally, TD Securities lifted their price target on MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$24.71.

MAG Silver Stock Performance

MAG opened at C$21.34 on Thursday. 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 has a 52-week low of C$11.15 and a 52-week high of C$25.36. The firm has a market cap of C$2.20 billion, a P/E ratio of 26.90, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The business’s fifty day moving average is C$20.76 and its 200-day moving average is C$18.69.

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

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.