Raymond James Increases Earnings Estimates for MAG Silver

MAG Silver Corp. (TSE:MAG - Free Report) NYSEAMERICAN: MAG - Analysts at Raymond James increased their FY2024 earnings estimates for shares of MAG Silver in a research report issued to clients and investors on Thursday, January 30th. Raymond James analyst B. Macarthur now anticipates that the company will earn $1.21 per share for the year, up from their previous forecast of $1.04. Raymond James currently has a "Outperform" rating and a $26.00 target price on the stock. The consensus estimate for MAG Silver's current full-year earnings is $1.22 per share. Raymond James also issued estimates for MAG Silver's Q4 2024 earnings at $0.39 EPS, Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.35 EPS and FY2025 earnings at $1.35 EPS.

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 earnings per share for the quarter, topping analysts' consensus estimates of C$0.28 by C$0.02.

Several other research firms have also recently issued reports on MAG. Stifel Nicolaus raised their price objective on shares of MAG Silver from C$25.00 to C$25.50 in a research report on Monday, November 25th. Panmure Gordon lifted their target price on shares of MAG Silver from C$26.40 to C$27.10 in a report on Friday, November 22nd. Roth Capital cut MAG Silver from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 24th. TD Securities lifted their price objective on MAG Silver from C$26.00 to C$27.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Finally, BMO Capital Markets boosted their price objective on MAG Silver from C$24.00 to C$26.00 in a report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, MAG Silver currently has a consensus rating of "Moderate Buy" and an average price target of C$25.45.

MAG Silver Price Performance

Shares of MAG Silver stock traded down C$0.16 on Monday, hitting C$23.00. 178,410 shares of the company were exchanged, compared to its average volume of 171,229. MAG Silver has a 1-year low of C$11.15 and a 1-year high of C$25.36. The stock has a market capitalization of C$2.37 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The company has a 50-day moving average price of C$21.21 and a 200 day moving average price of C$20.28. The company has a quick ratio of 25.31, a current ratio of 28.03 and a debt-to-equity ratio of 0.01.

Insiders Place Their Bets

In other news, Director George Nickolas Paspalas sold 50,024 shares of the stock in a transaction dated Thursday, December 12th. The stock was 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 currently owned by company insiders.

MAG Silver Company Profile

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.