FY2024 EPS Estimates for MAG Silver Lowered by Roth Capital

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Equities research analysts at Roth Capital lowered their FY2024 earnings per share (EPS) estimates for shares of MAG Silver in a research note issued to investors on Tuesday, November 12th. Roth Capital analyst J. Reagor now anticipates that the company will post earnings of $1.12 per share for the year, down from their previous forecast of $1.17. Roth Capital has a “Hold” rating on the stock. 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 data 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.

Other equities research analysts have also issued reports about the company. BMO Capital Markets lifted their price target on MAG Silver from C$24.00 to C$26.00 in a report on Friday, October 25th. Stifel Nicolaus boosted their price target on MAG Silver from C$21.50 to C$25.00 in a research report on Monday, October 21st. CIBC increased their price objective on MAG Silver from C$24.00 to C$25.00 in a report on Wednesday. Raymond James boosted 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. Finally, TD Securities increased their price target on MAG Silver from C$22.00 to C$25.00 in a report on Friday, October 18th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$24.71.

MAG Silver Trading Down 1.3 %

TSE MAG opened at C$21.07 on Friday. The firm’s fifty day simple moving average is C$20.83 and its 200-day simple moving average is C$18.71. The company has a current ratio of 28.03, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01. MAG Silver has a 1-year low of C$11.15 and a 1-year high of C$25.36. The company has a market capitalization of C$2.17 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14.

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.