FY2024 EPS Estimates for MAG Silver Lifted by Roth Capital

MAG Silver Corp. (TSE:MAG - Free Report) NYSEAMERICAN: MAG - Roth Capital increased their FY2024 EPS estimates for MAG Silver in a research note issued on Thursday, January 30th. Roth Capital analyst J. Reagor now forecasts that the company will post earnings per share of $1.20 for the year, up from their prior estimate of $1.12. Roth Capital currently has a "Hold" rating on the stock. The consensus estimate for MAG Silver's current full-year earnings is $1.22 per share.

A number of other research analysts have also recently weighed in on the stock. TD Securities boosted their price objective on shares of MAG Silver from C$26.00 to C$27.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. BMO Capital Markets upped their target price on MAG Silver from C$24.00 to C$26.00 in a research note on Friday, October 25th. Panmure Gordon upped their price objective on MAG Silver from C$26.40 to C$27.10 in a research report on Friday, November 22nd. Raymond James boosted their target price on shares of MAG Silver from C$23.00 to C$26.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Finally, Stifel Nicolaus raised their price target on shares of MAG Silver from C$25.00 to C$25.50 in a research note on Monday, November 25th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$25.45.

MAG Silver Trading Down 0.7 %

Shares of TSE MAG traded down C$0.16 during trading hours on Monday, hitting C$23.00. 178,410 shares of the company traded hands, compared to its average volume of 171,229. 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's 50 day moving average price is C$21.21 and its 200 day moving average price is C$20.28. MAG Silver has a 12 month low of C$11.15 and a 12 month high of C$25.36. The company has a current ratio of 28.03, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01.

MAG Silver (TSE:MAG - Get Free Report) 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.

Insider Buying and Selling at MAG Silver

In related news, Director George Nickolas Paspalas sold 50,024 shares of the firm's stock in a transaction dated 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. Insiders own 0.96% of the company's stock.

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.