MAG Silver Corp. (TSE:MAG - Free Report) NYSEAMERICAN: MAG - Equities researchers at Scotiabank lifted their FY2024 earnings per share (EPS) estimates for shares of MAG Silver in a report released on Wednesday, January 8th. Scotiabank analyst O. Habib now anticipates that the company will post earnings per share of $0.77 for the year, up from their previous estimate of $0.75. The consensus estimate for MAG Silver's current full-year earnings is $1.22 per share.
MAG Silver (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG last posted its 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.
A number of other research firms have also issued reports on MAG. TD Securities boosted their price objective on MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. BMO Capital Markets upped their target price on shares of MAG Silver from C$24.00 to C$26.00 in a report on Friday, October 25th. Raymond James raised their price target on MAG Silver from C$23.00 to C$26.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Stifel Nicolaus boosted their price objective on MAG Silver from C$25.00 to C$25.50 in a report on Monday, November 25th. Finally, Panmure Gordon raised their target price on shares of MAG Silver from C$26.40 to C$27.10 in a research note on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, MAG Silver currently has an average rating of "Moderate Buy" and an average target price of C$25.20.
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MAG Silver Stock Performance
MAG Silver stock traded down C$0.55 during mid-day trading on Friday, reaching C$20.30. The company's stock had a trading volume of 114,911 shares, compared to its average volume of 108,092. The firm's fifty day moving average price is C$21.21 and its two-hundred day moving average price is C$19.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 28.03. MAG Silver has a 12-month low of C$11.15 and a 12-month high of C$25.36. The company has a market capitalization of C$2.09 billion, a P/E ratio of 25.70, a PEG ratio of 0.84 and a beta of 1.14.
Insider Transactions at MAG Silver
In other MAG Silver news, Director George Nickolas Paspalas sold 50,024 shares of MAG Silver stock in a transaction that occurred on 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. Company insiders own 0.96% of the company's stock.
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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