Q3 2024 EPS Estimates for MAG Silver Corp. Reduced by Raymond James (TSE:MAG)

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Equities researchers at Raymond James lowered their Q3 2024 earnings per share (EPS) estimates for MAG Silver in a research report issued on Wednesday, April 24th. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $0.23 for the quarter, down from their prior forecast of $0.25. The consensus estimate for MAG Silver’s current full-year earnings is $0.55 per share. Raymond James also issued estimates for MAG Silver’s Q4 2024 earnings at $0.23 EPS.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its quarterly earnings results on Tuesday, March 19th. The company reported C$0.19 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.01.

Several other brokerages also recently commented on MAG. Stifel Nicolaus reduced their target price on MAG Silver from C$20.50 to C$20.25 in a research note on Thursday. National Bankshares dropped their price target on MAG Silver from C$21.75 to C$21.50 in a report on Friday, April 19th. TD Securities dropped their price target on 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. Canaccord Genuity Group lifted their price target on MAG Silver from C$20.00 to C$22.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, BMO Capital Markets dropped their price target on MAG Silver from C$21.50 to C$21.00 in a report on Thursday, January 25th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$19.81.

MAG Silver Stock Performance

Shares of TSE MAG opened at C$17.74 on Friday. The company has a current ratio of 15.04, a quick ratio of 25.31 and a debt-to-equity ratio of 0.03. MAG Silver has a 12 month low of C$11.15 and a 12 month high of C$18.51. The stock has a 50 day moving average of C$13.98 and a 200-day moving average of C$13.89. The company has a market capitalization of C$1.83 billion, a P/E ratio of 27.72, a P/E/G ratio of 0.84 and a beta of 1.00.

Insider Buying and Selling at MAG Silver

In other MAG Silver news, Director George Nickolas Paspalas sold 11,634 shares of MAG Silver stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of C$15.85, for a total value of C$184,398.90. In other news, Director George Nickolas Paspalas sold 11,634 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of C$15.85, for a total transaction of C$184,398.90. Also, Senior Officer Michael John Curlook sold 18,779 shares of the business’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of C$16.91, for a total value of C$317,552.89. Insiders sold 106,704 shares of company stock valued at $1,752,125 in the last three months. Corporate insiders own 0.47% 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.