Analysts Offer Predictions for MAG Silver FY2024 Earnings

MAG Silver Corp. (TSE:MAG - Free Report) NYSEAMERICAN: MAG - Equities research analysts at National Bank Financial lowered their FY2024 earnings per share (EPS) estimates for shares of MAG Silver in a research note issued to investors 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 prior estimate 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.

Other equities research analysts have also issued reports about the company. Roth Capital lowered MAG Silver from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 24th. Stifel Nicolaus raised their price target on shares of MAG Silver from C$25.00 to C$25.50 in a research report on Monday, November 25th. TD Securities upped their price objective 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. Raymond James lifted their target price 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. Finally, BMO Capital Markets upped their target price on MAG Silver from C$24.00 to C$26.00 in a report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, MAG Silver currently has an average rating of "Moderate Buy" and an average target price of C$25.45.

MAG Silver Stock Down 4.2 %

Shares of MAG stock traded down C$1.03 during trading hours on Thursday, reaching C$23.22. The company had a trading volume of 245,708 shares, compared to its average volume of 182,842. The company has a market cap of C$1.68 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 32.55 and a quick ratio of 25.31. MAG Silver has a 12 month low of C$11.15 and a 12 month high of C$25.36. The business has a fifty day simple moving average of C$21.45 and a 200-day simple moving average of C$20.52.

Insider Activity at MAG Silver

In other news, Director George Nickolas Paspalas sold 50,024 shares of MAG Silver stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of C$21.87, for a total value of C$1,094,099.92. 0.96% of the stock is owned by company insiders.

MAG Silver Company Profile

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%).