MAG Silver Corp. Expected to Earn FY2022 Earnings of $0.33 Per Share (TSE:MAG)

MAG Silver Corp. (TSE:MAGGet Rating) (NYSEAMERICAN:MAG) – Research analysts at Raymond James cut their FY2022 EPS estimates for MAG Silver in a research note issued on Monday, November 14th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $0.33 per share for the year, down from their previous forecast of $0.40. The consensus estimate for MAG Silver’s current full-year earnings is $1.28 per share. Raymond James also issued estimates for MAG Silver’s Q4 2022 earnings at $0.09 EPS, Q1 2023 earnings at $0.30 EPS, Q3 2023 earnings at $0.33 EPS and FY2023 earnings at $1.26 EPS.

Several other research analysts also recently issued reports on MAG. Stifel Nicolaus lowered their price target on shares of MAG Silver from C$28.75 to C$28.25 in a report on Tuesday. Roth Capital restated a “buy” rating and issued a C$24.00 price objective on shares of MAG Silver in a report on Thursday. TD Securities upped their price target on shares of MAG Silver from C$24.00 to C$28.00 and gave the company a “speculative buy” rating in a research report on Tuesday. National Bankshares increased their price objective on shares of MAG Silver from C$23.50 to C$24.50 in a research report on Thursday, October 13th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a C$16.50 price target on shares of MAG Silver in a research report on Thursday, July 28th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$23.98.

MAG Silver Stock Down 0.6 %

Shares of TSE:MAG opened at C$20.30 on Thursday. The company has a fifty day moving average of C$17.91 and a 200-day moving average of C$17.21. The company has a market capitalization of C$2.01 billion and a PE ratio of 88.26. The company has a debt-to-equity ratio of 0.09, a quick ratio of 28.86 and a current ratio of 30.10. MAG Silver has a 52-week low of C$13.60 and a 52-week high of C$25.16.

Insider Buying and Selling at MAG Silver

In related news, Director George Nickolas Paspalas sold 15,250 shares of the business’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of C$16.43, for a total transaction of C$250,552.93. Following the transaction, the director now owns 180,000 shares in the company, valued at C$2,957,346.

MAG Silver Company Profile

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MAG Silver Corp. engages in the exploration and development of precious metal mining properties. The company explores for silver, gold, lead, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. The company is headquartered in Vancouver, Canada.

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Earnings History and Estimates for MAG Silver (TSE:MAG)

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