National Bank Financial Predicts MAG Silver Q4 Earnings

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Equities research analysts at National Bank Financial raised their Q4 2024 earnings estimates for shares of MAG Silver in a research report issued on Monday, February 10th. National Bank Financial analyst D. Demarco now forecasts that the company will earn $0.33 per share for the quarter, up from their prior forecast of $0.28. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share.

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

MAG has been the topic of several other research reports. Raymond James increased their price target on shares of MAG Silver from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. 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 report on Thursday, January 30th. Roth Capital lowered shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Stifel Nicolaus increased their price target on shares of MAG Silver from C$25.00 to C$25.50 in a research report on Monday, November 25th. Finally, Panmure Gordon increased their price objective on shares of MAG Silver from C$26.40 to C$27.10 in a research note on Friday, November 22nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$25.45.

MAG Silver Stock Performance

TSE MAG opened at C$24.25 on Wednesday. The company has a current ratio of 28.03, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of C$2.50 billion, a price-to-earnings ratio of 30.70, a P/E/G ratio of 0.84 and a beta of 1.14. The firm’s 50 day simple moving average is C$21.31 and its 200 day simple moving average is C$20.41. MAG Silver has a 1 year low of C$11.15 and a 1 year high of C$25.36.

Insider Activity at MAG Silver

In other news, Director George Nickolas Paspalas sold 50,024 shares of the firm’s stock in a transaction 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 insiders.

About MAG Silver

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%).