MAG Silver Corp. (TSE:MAG – Free Report) (NYSEAMERICAN:MAG) – Equities research analysts at Stifel Canada boosted their FY2024 EPS estimates for shares of MAG Silver in a research report issued to clients and investors on Wednesday, July 24th. Stifel Canada analyst S. Soock now expects that the company will post earnings of $0.97 per share for the year, up from their prior estimate of $0.88. The consensus estimate for MAG Silver’s current full-year earnings is $0.70 per share. Stifel Canada also issued estimates for MAG Silver’s FY2025 earnings at $2.00 EPS and FY2026 earnings at $1.67 EPS.
MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) last released its quarterly earnings data on Tuesday, May 14th. The company reported C$0.19 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.05.
Several other research analysts also recently commented on MAG. Raymond James raised their price target on shares of MAG Silver from C$19.50 to C$20.50 in a report on Tuesday, April 23rd. Canaccord Genuity Group raised their price target on shares of MAG Silver from C$20.00 to C$22.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. TD Securities raised their price target on shares of MAG Silver from C$21.00 to C$22.00 in a report on Monday, July 22nd. CIBC raised their price target on shares of MAG Silver from C$17.50 to C$22.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Finally, Ventum Cap Mkts downgraded shares of MAG Silver from a “buy” rating to a “neutral” rating in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$21.06.
Read Our Latest Stock Analysis on MAG
MAG Silver Stock Up 0.9 %
MAG Silver stock opened at C$18.11 on Friday. MAG Silver has a 1-year low of C$11.15 and a 1-year high of C$19.41. The firm has a market capitalization of C$1.87 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 0.84 and a beta of 1.03. The company has a current ratio of 14.66, a quick ratio of 25.31 and a debt-to-equity ratio of 0.02. The firm has a 50 day simple moving average of C$17.61 and a 200 day simple moving average of C$15.27.
Insider Transactions at MAG Silver
In related news, Senior Officer Marc Justin Turcotte sold 4,208 shares of MAG Silver stock in a transaction on Monday, June 10th. The shares were sold at an average price of C$17.22, for a total value of C$72,446.61. 0.96% of the stock is currently owned by insiders.
MAG Silver Company Profile
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.
Read More
Receive News & Ratings for MAG Silver Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MAG Silver and related companies with MarketBeat.com’s FREE daily email newsletter.