MAG Silver Corp. (TSE:MAG) Forecasted to Post FY2027 Earnings of $1.73 Per Share

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Stock analysts at Stifel Canada increased their FY2027 earnings per share (EPS) estimates for shares of MAG Silver in a research report issued on Wednesday, July 24th. Stifel Canada analyst S. Soock now expects that the company will earn $1.73 per share for the year, up from their prior forecast of $1.46. The consensus estimate for MAG Silver’s current full-year earnings is $0.70 per share.

Several other research analysts have also commented on MAG. Canaccord Genuity Group lifted their target price on MAG Silver from C$20.00 to C$22.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. TD Securities upped their price objective on shares of MAG Silver from C$21.00 to C$22.00 in a report on Monday, July 22nd. CIBC boosted their target price on shares of MAG Silver from C$17.50 to C$22.00 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. Raymond James upped their target price on MAG Silver from C$19.50 to C$20.50 in a report on Tuesday, April 23rd. Finally, Stifel Nicolaus lifted their target price on MAG Silver from C$20.25 to C$20.50 in a research note on Wednesday, May 15th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, MAG Silver has an average rating of “Moderate Buy” and an average target price of C$21.06.

MAG Silver Stock Performance

Shares of MAG opened at C$18.48 on Monday. MAG Silver has a 52-week low of C$11.15 and a 52-week high of C$19.41. The company has a quick ratio of 25.31, a current ratio of 14.66 and a debt-to-equity ratio of 0.02. The firm has a market cap of C$1.91 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 0.84 and a beta of 1.03. The business’s 50 day moving average is C$17.58 and its two-hundred day moving average is C$15.38.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued its earnings results on Tuesday, May 14th. The company reported C$0.19 EPS for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.05.

Insider Buying and Selling

In other MAG Silver news, Senior Officer Marc Justin Turcotte sold 4,208 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of C$17.22, for a total transaction of C$72,446.61. 0.96% of the stock is currently owned by corporate insiders.

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.