National Bank Financial Estimates MAG Silver Q4 Earnings

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Research analysts at National Bank Financial upped their Q4 2024 earnings per share (EPS) estimates for MAG Silver in a note issued to investors on Monday, February 10th. National Bank Financial analyst D. Demarco now expects that the company will earn $0.33 per share for the quarter, up from their prior estimate of $0.28. 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 earnings results on Tuesday, November 12th. The company reported C$0.30 EPS for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.02.

A number of other research analysts have also commented on the company. Panmure Gordon upped their target price on MAG Silver from C$26.40 to C$27.10 in a research note on Friday, November 22nd. TD Securities upped their price target on MAG Silver from C$26.00 to C$27.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. BMO Capital Markets upped their price target on MAG Silver from C$24.00 to C$26.00 in a research report on Friday, October 25th. Stifel Nicolaus upped their price target on MAG Silver from C$25.00 to C$25.50 in a research report on Monday, November 25th. Finally, Raymond James upped their price target on MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$25.45.

MAG Silver Stock Performance

Shares of TSE MAG opened at C$24.25 on Wednesday. The business has a fifty day simple moving average of C$21.36 and a 200 day simple moving average of C$20.45. The company has a current ratio of 32.55, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of C$1.76 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 0.84 and a beta of 1.14. MAG Silver has a one year low of C$11.15 and a one year high of C$25.36.

Insider Transactions at MAG Silver

In other news, Director George Nickolas Paspalas sold 50,024 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$21.87, for a total transaction of C$1,094,099.92. Company insiders own 0.96% of the company’s stock.

MAG Silver Company Profile

MAG Silver Corp is a Canadian mining company. It is focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district-scale, silver-dominant projects in the Americas. Its principal focus and asset are the Juanicipio Project (44%), being developed in a JV partnership with Fresnillo Plc (56%).