FY2024 EPS Estimates for MAG Silver Lowered by Analyst

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Investment analysts at National Bank Financial decreased their FY2024 EPS estimates for MAG Silver in a report issued on Monday, February 10th. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings of $0.93 per share for the year, down from their previous forecast of $1.11. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share. National Bank Financial also issued estimates for MAG Silver’s FY2025 earnings at $0.74 EPS.

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

A number of other brokerages also recently issued reports on MAG. Raymond James boosted their price objective on shares of MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. CIBC boosted their price objective on shares of MAG Silver from C$25.00 to C$26.00 in a research report on Monday, December 2nd. Roth Capital downgraded shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. TD Securities upped their target price 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. Finally, Stifel Nicolaus upped their target price on shares of MAG Silver from C$25.00 to C$25.50 in a research report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$25.45.

MAG Silver Stock Down 4.2 %

Shares of MAG Silver stock opened at C$23.22 on Thursday. The company has a current ratio of 32.55, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is C$21.41 and its two-hundred day simple moving average is C$20.49. The company has a market cap of C$1.68 billion, a P/E ratio of 22.56, a PEG ratio of 0.84 and a beta of 1.14. MAG Silver has a 12-month low of C$11.15 and a 12-month high of C$25.36.

Insider Activity at MAG Silver

In related news, Director George Nickolas Paspalas sold 50,024 shares of the stock in a transaction dated 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 currently 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%).