MAG Silver Corp. (TSE:MAG - Free Report) NYSEAMERICAN: MAG - Equities research analysts at Raymond James dropped their FY2024 earnings per share estimates for shares of MAG Silver in a research note issued on Wednesday, November 13th. Raymond James analyst B. Macarthur now anticipates that the company will earn $1.04 per share for the year, down from their previous forecast of $1.06. Raymond James currently has a "Outperform" rating and a $26.00 price target on the stock. The consensus estimate for MAG Silver's current full-year earnings is $1.22 per share.
MAG has been the topic of several other reports. Roth Capital downgraded MAG Silver from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 24th. Stifel Nicolaus raised their price target on MAG Silver from C$21.50 to C$25.00 in a research note on Monday, October 21st. TD Securities raised their price target on MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. BMO Capital Markets lifted their target price on MAG Silver from C$24.00 to C$26.00 in a research report on Friday, October 25th. Finally, CIBC lifted their target price on MAG Silver from C$24.00 to C$25.00 in a research report on Wednesday, November 13th. Three investment 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$24.71.
Check Out Our Latest Stock Analysis on MAG
MAG Silver Stock Up 4.9 %
MAG traded up C$1.03 during trading on Monday, hitting C$22.10. 162,761 shares of the company's stock traded hands, compared to its average volume of 224,680. The company's 50 day simple moving average is C$20.92 and its two-hundred day simple moving average is C$18.75. 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 has a 12-month low of C$11.15 and a 12-month high of C$25.36. The stock has a market capitalization of C$2.28 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 0.84 and a beta of 1.14.
MAG Silver (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG last posted its quarterly earnings results on Tuesday, November 12th. The company reported C$0.30 earnings per share for the quarter, topping the consensus estimate of C$0.28 by C$0.02.
MAG Silver Company Profile
(
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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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