MAG Silver Corp. (TSE:MAG – Free Report) (NYSEAMERICAN:MAG) – Equities researchers at HC Wainwright upped their FY2025 earnings estimates for shares of MAG Silver in a research note issued on Tuesday, March 25th. HC Wainwright analyst H. Ihle now expects that the company will post earnings of $1.45 per share for the year, up from their previous estimate of $1.18. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share.
Other research analysts also recently issued reports about the company. Raymond James boosted their price target on MAG Silver from C$26.00 to C$27.00 in a report on Tuesday. TD Securities upgraded shares of MAG Silver to a “strong-buy” rating in a research note on Monday, March 10th. Finally, CIBC increased their price target on shares of MAG Silver from C$25.00 to C$26.00 in a report on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, MAG Silver currently has an average rating of “Moderate Buy” and a consensus price target of C$25.58.
MAG Silver Stock Performance
Shares of MAG stock opened at C$23.70 on Thursday. MAG Silver has a 52-week low of C$13.42 and a 52-week high of C$25.36. The company has a quick ratio of 25.31, a current ratio of 32.55 and a debt-to-equity ratio of 0.01. The stock has a market cap of C$1.72 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The business has a 50-day simple moving average of C$22.61 and a 200-day simple moving average of C$21.49.
About MAG Silver
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%).
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