MAG Silver Corp. Forecasted to Post Q3 2024 Earnings of $0.27 Per Share (TSE:MAG)

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Research analysts at Raymond James lifted their Q3 2024 earnings estimates for shares of MAG Silver in a research report issued to clients and investors on Monday, September 23rd. Raymond James analyst B. Macarthur now expects that the company will earn $0.27 per share for the quarter, up from their previous forecast of $0.25. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share. Raymond James also issued estimates for MAG Silver’s FY2024 earnings at $0.99 EPS, Q1 2025 earnings at $0.24 EPS, Q2 2025 earnings at $0.24 EPS, Q3 2025 earnings at $0.24 EPS and Q4 2025 earnings at $0.27 EPS.

MAG has been the subject of a number of other research reports. Stifel Nicolaus upped their target price on MAG Silver from C$21.25 to C$21.50 in a research report on Tuesday, August 6th. TD Securities upped their price objective on shares of MAG Silver from C$21.00 to C$22.00 in a report on Monday, July 22nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$21.17.

MAG Silver Stock Performance

Shares of TSE MAG opened at C$20.59 on Wednesday. The business’s 50-day simple moving average is C$18.02 and its 200-day simple moving average is C$16.92. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 28.03. MAG Silver has a 52 week low of C$11.15 and a 52 week high of C$20.91. The firm has a market cap of C$2.12 billion, a price-to-earnings ratio of 26.06, a P/E/G ratio of 0.84 and a beta of 1.14.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.27 by C$0.01.

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.