Raymond James Brokers Lower Earnings Estimates for MAG Silver Corp. (TSE:MAG)

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Equities researchers at Raymond James lowered their Q3 2024 earnings per share (EPS) estimates for shares of MAG Silver in a report issued on Wednesday, April 24th. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $0.23 for the quarter, down from their previous forecast of $0.25. The consensus estimate for MAG Silver’s current full-year earnings is $0.55 per share. Raymond James also issued estimates for MAG Silver’s Q4 2024 earnings at $0.23 EPS.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its quarterly earnings results on Tuesday, March 19th. The company reported C$0.19 EPS for the quarter, topping analysts’ consensus estimates of C$0.18 by C$0.01.

Other research analysts have also issued reports about the company. Canaccord Genuity Group lifted their price objective on MAG Silver from C$20.00 to C$22.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. TD Securities decreased their target price on MAG Silver from C$20.00 to C$18.00 and set a “buy” rating for the company in a research report on Wednesday, March 20th. BMO Capital Markets lowered their price objective on shares of MAG Silver from C$21.50 to C$21.00 in a report on Thursday, January 25th. Stifel Nicolaus cut their price target on shares of MAG Silver from C$20.50 to C$20.25 in a report on Thursday. Finally, National Bankshares reduced their target price on shares of MAG Silver from C$21.75 to C$21.50 in a research report on Friday, April 19th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$19.81.

MAG Silver Stock Performance

Shares of MAG Silver stock opened at C$17.74 on Friday. The company has a quick ratio of 25.31, a current ratio of 15.04 and a debt-to-equity ratio of 0.03. MAG Silver has a twelve month low of C$11.15 and a twelve month high of C$18.51. The company’s fifty day moving average is C$13.98 and its 200 day moving average is C$13.89. The stock has a market cap of C$1.83 billion, a price-to-earnings ratio of 27.72, a P/E/G ratio of 0.84 and a beta of 1.00.

Insider Buying and Selling

In other news, Senior Officer Michael John Curlook sold 18,779 shares of MAG Silver stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total transaction of C$317,552.89. In other news, Director George Nickolas Paspalas sold 11,634 shares of the stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of C$15.85, for a total value of C$184,398.90. Also, Senior Officer Michael John Curlook sold 18,779 shares of the stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of C$16.91, for a total transaction of C$317,552.89. Over the last 90 days, insiders sold 106,704 shares of company stock worth $1,752,125. 0.47% of the stock is owned by corporate insiders.

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.