FY2024 Earnings Estimate for MAG Silver Issued By Cormark

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Cormark boosted their FY2024 earnings per share (EPS) estimates for MAG Silver in a note issued to investors on Wednesday, November 13th. Cormark analyst N. Dion now forecasts that the company will post earnings of $1.11 per share for the year, up from their prior forecast of $1.08. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share.

MAG has been the subject of several other reports. CIBC increased their target price on MAG Silver from C$24.00 to C$25.00 in a research report on Wednesday. Stifel Nicolaus lifted their price target on shares of MAG Silver from C$21.50 to C$25.00 in a report on Monday, October 21st. Roth Capital cut shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. TD Securities lifted their target price on MAG Silver from C$22.00 to C$25.00 in a report on Friday, October 18th. Finally, BMO Capital Markets raised their price target on shares of 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.71.

MAG Silver Stock Down 2.5 %

Shares of MAG opened at C$20.71 on Thursday. 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$25.36. The stock has a market capitalization of C$2.14 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 0.84 and a beta of 1.14. The stock has a fifty day moving average of C$20.70 and a 200-day moving average of C$18.66.

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

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.