MAG Silver Corp. (TSE:MAG – Free Report) (NYSEAMERICAN:MAG) – Stock analysts at Roth Capital reduced their Q1 2024 earnings estimates for MAG Silver in a research report issued on Wednesday, March 27th. Roth Capital analyst J. Reagor now forecasts that the company will post earnings of $0.19 per share for the quarter, down from their prior estimate of $0.24. The consensus estimate for MAG Silver’s current full-year earnings is $0.58 per share. Roth Capital also issued estimates for MAG Silver’s Q2 2024 earnings at $0.23 EPS, Q3 2024 earnings at $0.22 EPS and Q4 2024 earnings at $0.20 EPS.
Other analysts also recently issued reports about the stock. BMO Capital Markets decreased their target price on shares of MAG Silver from C$21.50 to C$21.00 in a research report on Thursday, January 25th. Raymond James decreased their target price on shares of MAG Silver from C$21.00 to C$19.50 and set an “outperform” rating for the company in a research report on Thursday. TD Securities decreased their target price on shares of MAG Silver from C$20.00 to C$18.00 and set a “buy” rating for the company in a research report on Wednesday, March 20th. Finally, Stifel Nicolaus boosted their target price 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. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.69.
Read Our Latest Analysis on MAG
MAG Silver Stock Performance
Shares of MAG opened at C$14.29 on Thursday. The company’s 50 day moving average price is C$12.19 and its 200 day moving average price is C$13.59. MAG Silver has a 52 week low of C$11.15 and a 52 week high of C$19.28. The company has a market capitalization of C$1.47 billion, a PE ratio of 34.02, a PEG 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 Company Profile
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.
Featured Articles
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.