FY2024 EPS Estimates for MAG Silver Raised by Roth Capital

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Investment analysts at Roth Capital lifted their FY2024 earnings estimates for shares of MAG Silver in a research note issued to investors on Thursday, January 30th. Roth Capital analyst J. Reagor now anticipates that the company will earn $1.20 per share for the year, up from their prior forecast of $1.12. Roth Capital currently 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 issued its quarterly earnings data on Tuesday, November 12th. The company reported C$0.30 EPS for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.02.

Several other brokerages have also recently commented on MAG. Panmure Gordon increased their target price on shares of MAG Silver from C$26.40 to C$27.10 in a report on Friday, November 22nd. Stifel Nicolaus raised their price objective on MAG Silver from C$25.00 to C$25.50 in a report on Monday, November 25th. Raymond James upped 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. BMO Capital Markets raised their price target on MAG Silver from C$24.00 to C$26.00 in a research note on Friday, October 25th. Finally, TD Securities upped their price objective on MAG Silver from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$25.45.

MAG Silver Stock Down 1.0 %

Shares of MAG Silver stock opened at C$23.04 on Monday. MAG Silver has a 52-week low of C$11.15 and a 52-week high of C$25.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 28.03. The business’s 50 day simple moving average is C$21.18 and its 200 day simple moving average is C$20.25. The firm has a market cap of C$2.38 billion, a PE ratio of 29.16, a P/E/G ratio of 0.84 and a beta of 1.14.

Insider Buying and Selling

In other MAG Silver news, Director George Nickolas Paspalas sold 50,024 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of C$21.87, for a total value of C$1,094,099.92. 0.96% of the stock is owned by insiders.

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.