FY2024 EPS Estimates for MAG Silver Corp. Reduced by Analyst (TSE:MAG)

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Investment analysts at Cormark lowered their FY2024 earnings per share (EPS) estimates for MAG Silver in a research report issued to clients and investors on Tuesday, August 6th. Cormark analyst N. Dion now anticipates that the company will earn $0.92 per share for the year, down from their prior estimate of $0.95. The consensus estimate for MAG Silver’s current full-year earnings is $0.70 per share. Cormark also issued estimates for MAG Silver’s FY2025 earnings at $0.82 EPS.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued its quarterly earnings results on Tuesday, May 14th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.05.

MAG has been the subject of a number of other research reports. Stifel Nicolaus increased their target price on MAG Silver from C$21.25 to C$21.50 in a report on Tuesday. Canaccord Genuity Group increased their price target on MAG Silver from C$20.00 to C$22.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. CIBC increased their price target on MAG Silver from C$17.50 to C$22.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Ventum Cap Mkts cut MAG Silver from a “buy” rating to a “neutral” rating in a report on Friday, May 3rd. Finally, TD Securities increased their price target on MAG Silver from C$21.00 to C$22.00 in a report on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$21.17.

MAG Silver Price Performance

Shares of MAG Silver stock traded up C$0.04 during mid-day trading on Thursday, reaching C$16.51. 110,629 shares of the stock traded hands, compared to its average volume of 227,557. The business has a 50-day moving average of C$17.40 and a 200 day moving average of C$15.61. MAG Silver has a fifty-two week low of C$11.15 and a fifty-two week high of C$19.65. The stock has a market capitalization of C$1.70 billion, a PE ratio of 21.44, a PEG ratio of 0.84 and a beta of 1.03. The company has a quick ratio of 25.31, a current ratio of 14.66 and a debt-to-equity ratio of 0.02.

Insider Transactions at MAG Silver

In other news, Senior Officer Marc Justin Turcotte sold 4,208 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of C$17.22, for a total transaction of C$72,446.61. Company insiders own 0.96% 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.