FY2024 Earnings Estimate for MAG Silver Issued By Cormark

MAG Silver Corp. (TSE:MAGFree Report) (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.

Read Our Latest Stock Analysis on MAG

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:MAGGet Free Report) (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

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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.

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Earnings History and Estimates for MAG Silver (TSE:MAG)

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