FY2024 EPS Estimates for MAG Silver Boosted by Raymond James

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Stock analysts at Raymond James raised their FY2024 earnings per share (EPS) estimates for MAG Silver in a report issued on Thursday, January 30th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $1.21 per share for the year, up from their prior forecast of $1.04. Raymond James currently has a “Outperform” rating and a $26.00 price objective on the stock. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share. Raymond James also issued estimates for MAG Silver’s Q4 2024 earnings at $0.39 EPS, Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.35 EPS and FY2025 earnings at $1.35 EPS.

Several other analysts also recently weighed in on MAG. BMO Capital Markets increased their target price on MAG Silver from C$24.00 to C$26.00 in a research note on Friday, October 25th. TD Securities boosted their target price on shares of MAG Silver from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research report on Thursday. Roth Capital cut shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Panmure Gordon raised their price target on shares of MAG Silver from C$26.40 to C$27.10 in a research report on Friday, November 22nd. Finally, Stifel Nicolaus lifted their target price on MAG Silver from C$25.00 to C$25.50 in a research report on Monday, November 25th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, MAG Silver has an average rating of “Moderate Buy” and an average price target of C$25.45.

MAG Silver Stock Down 3.0 %

MAG Silver stock opened at C$22.84 on Monday. The firm has a market cap of C$2.36 billion, a price-to-earnings ratio of 28.91, a P/E/G ratio of 0.84 and a beta of 1.14. The firm has a fifty day moving average price of C$21.11 and a two-hundred day moving average price of C$20.17. MAG Silver has a fifty-two week low of C$11.15 and a fifty-two week high of C$25.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 28.03 and a quick ratio of 25.31.

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

Insider Buying and Selling at MAG Silver

In other news, Director George Nickolas Paspalas sold 50,024 shares of MAG Silver stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of C$21.87, for a total value of C$1,094,099.92. Company insiders own 0.96% of the company’s stock.

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.