MAG Silver Corp. (TSE:MAG - Free Report) NYSEAMERICAN: MAG - Research analysts at Roth Capital lowered their FY2024 earnings per share (EPS) estimates for MAG Silver in a research report issued to clients and investors on Tuesday, November 12th. Roth Capital analyst J. Reagor now anticipates that the company will earn $1.12 per share for the year, down from their prior forecast of $1.17. 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.
Other equities research analysts have also recently issued research reports about the company. CIBC upped their price target on MAG Silver from C$24.00 to C$25.00 in a research note on Wednesday. BMO Capital Markets raised their target price on shares of MAG Silver from C$24.00 to C$26.00 in a research note on Friday, October 25th. Stifel Nicolaus boosted their price target on shares of MAG Silver from C$21.50 to C$25.00 in a research note on Monday, October 21st. TD Securities raised their price objective on shares of MAG Silver from C$22.00 to C$25.00 in a research report on Friday, October 18th. Finally, Raymond James boosted their target price on 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. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$24.71.
Read Our Latest Research Report on MAG Silver
MAG Silver Stock Performance
Shares of TSE MAG traded down C$0.27 during trading hours on Friday, reaching C$21.07. The stock had a trading volume of 149,347 shares, compared to its average volume of 224,955. The firm has a 50-day moving average of C$20.83 and a 200-day moving average of C$18.71. The company has a current ratio of 28.03, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01. The firm has a market cap of C$2.17 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 0.84 and a beta of 1.14. MAG Silver has a fifty-two week low of C$11.15 and a fifty-two week 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, beating the consensus estimate of C$0.28 by C$0.02.
MAG Silver Company Profile
(
Get Free Report)
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.
See Also
Before you consider MAG Silver, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MAG Silver wasn't on the list.
While MAG Silver currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
