MAG Silver Corp. (TSE:MAG – Free Report) (NYSEAMERICAN:MAG) – Roth Capital dropped their FY2024 earnings per share (EPS) estimates for shares of MAG Silver in a research report issued to clients and investors on Wednesday, March 27th. Roth Capital analyst J. Reagor now anticipates that the company will post earnings of $0.84 per share for the year, down from their previous forecast of $1.10. The consensus estimate for MAG Silver’s current full-year earnings is $0.58 per share.
Other equities research analysts also recently issued reports about the stock. TD Securities decreased their price objective on shares of MAG Silver from C$20.00 to C$18.00 and set a “buy” rating for the company in a research note on Wednesday, March 20th. Stifel Nicolaus upped their price target on shares of MAG Silver from C$19.00 to C$19.50 and gave the stock a “buy” rating in a research report on Thursday. BMO Capital Markets cut their price objective on MAG Silver from C$21.50 to C$21.00 in a research report on Thursday, January 25th. Finally, Raymond James reduced their price objective on MAG Silver from C$21.00 to C$19.50 and set an “outperform” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$19.69.
Check Out Our Latest Stock Report on MAG Silver
MAG Silver Stock Up 6.6 %
MAG opened at C$14.29 on Friday. The company has a market cap of C$1.47 billion, a PE ratio of 34.02, a price-to-earnings-growth ratio of 0.84 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 25.31 and a current ratio of 15.04. MAG Silver has a 1 year low of C$11.15 and a 1 year high of C$19.28. The firm has a 50 day moving average price of C$12.23 and a 200 day moving average price of C$13.59.
About MAG Silver
MAG Silver Corp. engages in the exploration and development of precious metal mining properties. The company explores for silver, gold, lead, copper, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp.
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