FY2024 EPS Estimates for MAG Silver Cut by Analyst

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Research analysts at National Bank Financial cut their FY2024 EPS estimates for shares of MAG Silver in a note issued to investors on Monday, February 10th. National Bank Financial analyst D. Demarco now anticipates that the company will earn $0.93 per share for the year, down from their previous forecast of $1.11. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share. National Bank Financial also issued estimates for MAG Silver’s FY2025 earnings at $0.74 EPS.

Several other research firms have also recently issued reports on MAG. Stifel Nicolaus boosted their target price on MAG Silver from C$25.00 to C$25.50 in a research note on Monday, November 25th. BMO Capital Markets lifted their price target on shares of MAG Silver from C$24.00 to C$26.00 in a report on Friday, October 25th. Roth Capital lowered shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Panmure Gordon lifted their target price on shares of MAG Silver from C$26.40 to C$27.10 in a research note on Friday, November 22nd. Finally, TD Securities increased their price target on shares of MAG Silver from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, MAG Silver currently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.45.

MAG Silver Stock Up 4.8 %

Shares of TSE:MAG opened at C$24.25 on Thursday. The stock’s 50-day moving average is C$21.31 and its 200 day moving average is C$20.41. The company has a market cap of C$2.50 billion, a PE ratio of 30.70, a P/E/G ratio of 0.84 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 28.03 and a quick ratio of 25.31. MAG Silver has a 1 year low of C$11.15 and a 1 year high of C$25.36.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its earnings results on Tuesday, November 12th. The company reported C$0.30 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.02.

Insider Activity at MAG Silver

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

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%).