Roth Capital Brokers Decrease Earnings Estimates for MAG Silver Corp. (TSE:MAG)

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Equities research analysts at Roth Capital dropped their Q3 2024 earnings per share estimates for MAG Silver in a research note issued on Monday, August 5th. Roth Capital analyst J. Reagor now forecasts that the company will post earnings of $0.15 per share for the quarter, down from their prior forecast of $0.27. The consensus estimate for MAG Silver’s current full-year earnings is $0.70 per share. Roth Capital also issued estimates for MAG Silver’s Q4 2024 earnings at $0.13 EPS, FY2024 earnings at $0.53 EPS, Q1 2025 earnings at $0.09 EPS, Q2 2025 earnings at $0.09 EPS, Q3 2025 earnings at $0.09 EPS, Q4 2025 earnings at $0.09 EPS and FY2025 earnings at $0.37 EPS.

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

A number of other equities research analysts have also weighed in on MAG. Ventum Cap Mkts lowered shares of MAG Silver from a “buy” rating to a “neutral” rating in a report on Friday, May 3rd. TD Securities upped their price objective on shares of MAG Silver from C$21.00 to C$22.00 in a research report on Monday, July 22nd. National Bankshares lifted their target price on MAG Silver from C$21.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 29th. Canaccord Genuity Group increased their price target on MAG Silver from C$20.00 to C$22.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Finally, Stifel Nicolaus raised their price objective on MAG Silver from C$21.25 to C$21.50 in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$21.17.

MAG Silver Trading Up 1.2 %

MAG opened at C$16.47 on Wednesday. The firm’s 50 day moving average is C$17.47 and its 200-day moving average is C$15.57. MAG Silver has a 52-week low of C$11.15 and a 52-week high of C$19.65. 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 capitalization of C$1.70 billion, a P/E ratio of 21.39, a P/E/G ratio of 0.84 and a beta of 1.03.

Insider Transactions at MAG Silver

In related news, Senior Officer Marc Justin Turcotte sold 4,208 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of C$17.22, for a total value of C$72,446.61. Corporate 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.