Q4 Earnings Forecast for MAG Silver Issued By Cormark

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Analysts at Cormark issued their Q4 2024 EPS estimates for MAG Silver in a research note issued on Thursday, January 30th. Cormark analyst N. Dion expects that the company will post earnings of $0.26 per share 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 released its quarterly earnings data on Tuesday, November 12th. The company reported C$0.30 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.02.

A number of other research analysts also recently commented on the stock. Panmure Gordon increased their price target on shares of MAG Silver from C$26.40 to C$27.10 in a report on Friday, November 22nd. Stifel Nicolaus boosted their price objective on shares of MAG Silver from C$25.00 to C$25.50 in a research report on Monday, November 25th. Raymond James raised their target price on shares of MAG Silver from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Roth Capital downgraded shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, BMO Capital Markets raised their price objective on shares of MAG Silver from C$24.00 to C$26.00 in a research note on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, MAG Silver has an average rating of “Moderate Buy” and an average target price of C$25.45.

MAG Silver Trading Down 3.0 %

Shares of MAG Silver stock opened at C$22.84 on Friday. The company has a quick ratio of 25.31, a current ratio of 28.03 and a debt-to-equity ratio of 0.01. MAG Silver has a twelve month low of C$11.15 and a twelve month high of C$25.36. The business has a 50-day moving average price of C$21.11 and a 200-day moving average price of C$20.15. The firm has a market cap of C$2.36 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 0.84 and a beta of 1.14.

Insider Activity

In other news, Director George Nickolas Paspalas sold 50,024 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$21.87, for a total transaction of C$1,094,099.92. 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.