Q1 2024 EPS Estimates for MAG Silver Corp. Reduced by Roth Capital (TSE:MAG)

MAG Silver Corp. (TSE:MAGFree Report) (NYSEAMERICAN:MAG) – Stock analysts at Roth Capital decreased their Q1 2024 EPS estimates for shares of MAG Silver in a research report issued to clients and investors on Wednesday, March 27th. Roth Capital analyst J. Reagor now expects that the company will post earnings per share of $0.19 for the quarter, down from their previous forecast of $0.24. The consensus estimate for MAG Silver’s current full-year earnings is $0.58 per share. Roth Capital also issued estimates for MAG Silver’s Q2 2024 earnings at $0.23 EPS, Q3 2024 earnings at $0.22 EPS and Q4 2024 earnings at $0.20 EPS.

A number of other research firms also recently issued reports on MAG. TD Securities dropped their price objective on shares of MAG Silver from C$20.00 to C$18.00 and set a “buy” rating for the company in a report on Wednesday, March 20th. BMO Capital Markets dropped their price objective on shares of MAG Silver from C$21.50 to C$21.00 in a report on Thursday, January 25th. Raymond James decreased their target price on shares of MAG Silver from C$21.00 to C$19.50 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Stifel Nicolaus lifted their target price on shares of MAG Silver from C$19.00 to C$19.50 and gave the stock a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$19.69.

Check Out Our Latest Analysis on MAG Silver

MAG Silver Stock Performance

TSE MAG opened at C$14.29 on Thursday. MAG Silver has a 52-week low of C$11.15 and a 52-week high of C$19.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 25.31 and a current ratio of 15.04. The company has a market capitalization of C$1.47 billion, a P/E ratio of 34.02, a P/E/G ratio of 0.84 and a beta of 1.00. The company has a fifty day moving average of C$12.23 and a 200-day moving average of C$13.59.

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, copper, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp.

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