MAG Silver Corp. (TSE:MAG - Free Report) NYSEAMERICAN: MAG - Equities researchers at Raymond James increased their Q3 2024 earnings per share (EPS) estimates for MAG Silver in a report released on Thursday, October 24th. Raymond James analyst B. Macarthur now anticipates that the company will earn $0.33 per share for the quarter, up from their previous estimate of $0.27. 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 $0.25 EPS and FY2024 earnings at $1.06 EPS.
MAG Silver (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.28 EPS for the quarter, topping the consensus estimate of C$0.27 by C$0.01.
Several other brokerages have also recently commented on MAG. TD Securities raised their price objective on shares of MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. BMO Capital Markets raised their price objective on MAG Silver from C$24.00 to C$26.00 in a report on Friday. Roth Capital lowered MAG Silver from a "strong-buy" rating to a "hold" rating in a research note on Thursday. Finally, 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. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$23.75.
Check Out Our Latest Stock Analysis on MAG
MAG Silver Stock Performance
Shares of TSE:MAG traded up C$0.51 during midday trading on Monday, hitting C$24.73. The stock had a trading volume of 226,605 shares, compared to its average volume of 218,445. MAG Silver has a 1 year low of C$11.15 and a 1 year high of C$24.92. 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 stock has a 50 day moving average price of C$19.46 and a two-hundred day moving average price of C$18.11. The company has a market capitalization of C$2.55 billion, a PE ratio of 31.33, a P/E/G ratio of 0.84 and a beta of 1.14.
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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