MAG Silver Corp. (TSE:MAG - Free Report) NYSEAMERICAN: MAG - Research analysts at Cormark decreased their FY2024 earnings estimates for MAG Silver in a research note issued on Thursday, January 30th. Cormark analyst N. Dion now forecasts that the company will earn $1.09 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. Cormark also issued estimates for MAG Silver's FY2025 earnings at $1.11 EPS.
Several other research firms also recently weighed in on MAG. Roth Capital downgraded MAG Silver from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 24th. Stifel Nicolaus boosted their price objective on shares of MAG Silver from C$25.00 to C$25.50 in a research note on Monday, November 25th. CIBC boosted their price target on MAG Silver from C$25.00 to C$26.00 in a research report on Monday, December 2nd. Panmure Gordon upped their price objective on shares of MAG Silver from C$26.40 to C$27.10 in a research report on Friday, November 22nd. Finally, TD Securities raised 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$25.45.
View Our Latest Report on MAG Silver
MAG Silver Trading Down 0.7 %
MAG stock traded down C$0.16 during midday trading on Monday, hitting C$23.00. The stock had a trading volume of 178,410 shares, compared to its average volume of 171,229. The company's 50-day moving average price is C$21.21 and its 200 day moving average price is C$20.28. The company has a debt-to-equity ratio of 0.01, a current ratio of 28.03 and a quick ratio of 25.31. The firm has a market cap of C$2.37 billion, a PE ratio of 29.11, a price-to-earnings-growth 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.
MAG Silver (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG last posted its quarterly earnings data on Tuesday, November 12th. The company reported C$0.30 EPS for the quarter, topping analysts' consensus estimates of C$0.28 by C$0.02.
Insiders Place Their Bets
In other MAG Silver news, Director George Nickolas Paspalas sold 50,024 shares of MAG Silver stock in a transaction on Thursday, December 12th. The stock was 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 corporate insiders.
About MAG Silver
(
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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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