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Q3 Earnings Estimate for MAG Silver Issued By Raymond James

MAG Silver logo with Basic Materials background

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

(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.

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Earnings History and Estimates for MAG Silver (TSE:MAG)

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