MAG Silver Corp. Expected to Post FY2024 Earnings of $0.81 Per Share (TSE:MAG)

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Stock analysts at HC Wainwright raised their FY2024 EPS estimates for MAG Silver in a research report issued to clients and investors on Thursday, April 25th. HC Wainwright analyst H. Ihle now expects that the company will post earnings of $0.81 per share for the year, up from their prior forecast of $0.76. The consensus estimate for MAG Silver’s current full-year earnings is $0.55 per share.

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

A number of other equities research analysts have also weighed in on the company. Stifel Nicolaus dropped their price target on MAG Silver from C$20.50 to C$20.25 in a research note on Thursday, April 25th. Raymond James upped their price target on shares of MAG Silver from C$19.50 to C$20.50 in a research note on Tuesday, April 23rd. BMO Capital Markets lowered their price objective on shares of MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. National Bankshares dropped their price objective on shares of MAG Silver from C$21.75 to C$21.50 in a report on Friday, April 19th. Finally, Canaccord Genuity Group raised their target price on MAG Silver from C$20.00 to C$22.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.81.

MAG Silver Stock Down 0.8 %

Shares of MAG Silver stock opened at C$17.60 on Monday. MAG Silver has a 52-week low of C$11.15 and a 52-week high of C$18.51. The firm’s 50 day moving average price is C$14.10 and its 200-day moving average price is C$13.91. The company has a quick ratio of 25.31, a current ratio of 15.04 and a debt-to-equity ratio of 0.03. The company has a market cap of C$1.81 billion, a P/E ratio of 27.50, a PEG ratio of 0.84 and a beta of 1.00.

Insider Activity at MAG Silver

In related news, Senior Officer Peter Megaw sold 76,291 shares of MAG Silver stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of C$16.39, for a total value of C$1,250,172.99. In other MAG Silver news, Senior Officer Peter Megaw sold 76,291 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of C$16.39, for a total transaction of C$1,250,172.99. Also, Director George Nickolas Paspalas sold 11,634 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$15.85, for a total value of C$184,398.90. Insiders sold a total of 106,704 shares of company stock worth $1,752,125 in the last 90 days. Corporate insiders own 0.47% of the company’s stock.

About MAG Silver

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.