National Bank Financial Predicts MAG Silver Q4 Earnings

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Analysts at National Bank Financial raised their Q4 2024 earnings per share (EPS) estimates for MAG Silver in a research note issued to investors on Monday, February 10th. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings per share of $0.33 for the quarter, up from their prior estimate of $0.28. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share.

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

Several other equities analysts have also recently issued reports on the company. Panmure Gordon raised their price target on MAG Silver from C$26.40 to C$27.10 in a report on Friday, November 22nd. Raymond James raised their target price on MAG Silver from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. CIBC raised their target price on MAG Silver from C$25.00 to C$26.00 in a report on Monday, December 2nd. Roth Capital cut MAG Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, TD Securities raised their target price on MAG Silver from C$26.00 to C$27.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$25.45.

MAG Silver Price Performance

MAG Silver stock opened at C$24.25 on Wednesday. The business’s 50-day simple moving average is C$21.31 and its 200 day simple moving average is C$20.41. The stock has a market cap of C$2.50 billion, a price-to-earnings ratio of 30.70, a P/E/G 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$25.36. The company has a quick ratio of 25.31, a current ratio of 28.03 and a debt-to-equity ratio of 0.01.

Insider Activity

In related news, Director George Nickolas Paspalas sold 50,024 shares of the company’s stock in a transaction dated 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. 0.96% of the stock is owned by insiders.

MAG Silver Company Profile

MAG Silver Corp is a Canadian mining company. It is focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district-scale, silver-dominant projects in the Americas. Its principal focus and asset are the Juanicipio Project (44%), being developed in a JV partnership with Fresnillo Plc (56%).