Research Analysts Issue Forecasts for MAG Silver Q3 Earnings

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Analysts at Cormark issued their Q3 2024 earnings estimates for shares of MAG Silver in a report released on Wednesday, October 23rd. Cormark analyst N. Dion 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.

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

A number of other analysts have also recently issued reports on the company. BMO Capital Markets boosted their target price on MAG Silver from C$24.00 to C$26.00 in a report on Friday. TD Securities boosted their price objective on shares of MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. Roth Capital lowered shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Raymond James lifted their target price on shares of MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Stifel Nicolaus increased their price target on MAG Silver from C$21.50 to C$25.00 in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$23.06.

MAG Silver Stock Performance

Shares of TSE:MAG opened at C$24.22 on Friday. The business has a 50-day moving average of C$19.46 and a two-hundred day moving average of C$18.07. The firm has a market capitalization of C$2.50 billion, a PE ratio of 30.66, a P/E/G ratio of 0.84 and a beta of 1.14. 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 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.