FY2024 EPS Estimates for MAG Silver Raised by Raymond James

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Raymond James upped their FY2024 EPS estimates for MAG Silver in a report issued on Thursday, January 30th. Raymond James analyst B. Macarthur now expects that the company will post earnings of $1.21 per share for the year, up from their previous forecast of $1.04. Raymond James currently has a “Outperform” rating and a $26.00 price target on the stock. 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 Q4 2024 earnings at $0.39 EPS, Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.35 EPS and FY2025 earnings at $1.35 EPS.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued its quarterly earnings data on Tuesday, November 12th. The company reported C$0.30 EPS for the quarter, beating the consensus estimate of C$0.28 by C$0.02.

A number of other brokerages also recently commented on MAG. Panmure Gordon upped their target price on MAG Silver from C$26.40 to C$27.10 in a report on Friday, November 22nd. Stifel Nicolaus lifted their target price on shares of MAG Silver from C$25.00 to C$25.50 in a research note on Monday, November 25th. 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. CIBC lifted their price objective on MAG Silver from C$25.00 to C$26.00 in a research report on Monday, December 2nd. Finally, BMO Capital Markets upped their target price on MAG Silver from C$24.00 to C$26.00 in a report on Friday, October 25th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, MAG Silver presently has an average rating of “Moderate Buy” and an average price target of C$25.45.

MAG Silver Trading Down 1.0 %

MAG opened at C$23.04 on Monday. MAG Silver has a one year low of C$11.15 and a one year high of C$25.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 28.03 and a quick ratio of 25.31. The business has a 50 day simple moving average of C$21.18 and a two-hundred day simple moving average of C$20.25. The firm has a market capitalization of C$2.38 billion, a price-to-earnings ratio of 29.16, a PEG ratio of 0.84 and a beta of 1.14.

Insider Activity at MAG Silver

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

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.