Cormark Issues Pessimistic Forecast for MAG Silver Earnings

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Cormark reduced their FY2025 earnings per share (EPS) estimates for MAG Silver in a note issued to investors on Tuesday, March 25th. Cormark analyst N. Dion now expects that the company will post earnings of $0.96 per share for the year, down from their prior forecast of $1.11. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share.

Other equities analysts also recently issued reports about the company. Raymond James lifted their target price on MAG Silver from C$26.00 to C$27.00 in a research report on Tuesday. CIBC lifted their price objective on shares of MAG Silver from C$25.00 to C$26.00 in a report on Monday, December 2nd. Finally, TD Securities raised shares of MAG Silver to a “strong-buy” rating in a research note on Monday, March 10th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, MAG Silver presently has an average rating of “Moderate Buy” and an average price target of C$25.58.

MAG Silver Trading Down 2.6 %

Shares of TSE MAG opened at C$22.89 on Thursday. 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 stock has a market capitalization of C$1.66 billion, a PE ratio of 22.24, a PEG ratio of 0.84 and a beta of 1.14. MAG Silver has a twelve month low of C$12.40 and a twelve month high of C$25.36. The stock has a fifty day simple moving average of C$22.57 and a 200-day simple moving average of C$21.45.

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%).