Q3 Earnings Estimate for MAG Silver Issued By Roth Capital

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Roth Capital upped their Q3 2024 EPS estimates for shares of MAG Silver in a research note issued to investors on Thursday, October 24th. Roth Capital analyst J. Reagor now expects that the company will post earnings per share of $0.37 for the quarter, up from their previous estimate of $0.30. Roth Capital currently has a “Hold” rating on the stock. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share. Roth Capital also issued estimates for MAG Silver’s FY2024 earnings at $1.17 EPS.

Other research analysts also recently issued research reports about the company. Raymond James boosted their target price on MAG Silver from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Thursday. Stifel Nicolaus upped their price objective on shares of MAG Silver from C$21.50 to C$25.00 in a research report on Monday. Finally, TD Securities increased their price target on MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$22.50.

MAG Silver Price Performance

The stock’s fifty day simple moving average is C$19.32 and its two-hundred day simple moving average is C$18.03. The company has a market cap of C$2.55 billion, a P/E ratio of 31.28, a P/E/G ratio of 0.84 and a beta of 1.14. The company has a current ratio of 28.03, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01. MAG Silver has a 1 year low of C$11.15 and a 1 year high of C$24.88.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued its earnings results on Thursday, August 1st. The company reported C$0.28 earnings per share for the quarter, beating 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.