MAG Silver Corp. (TSE:MAG – Get Rating) (NYSEAMERICAN:MAG) – Raymond James lowered their Q4 2023 EPS estimates for MAG Silver in a report issued on Thursday, May 11th. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $0.43 for the quarter, down from their prior estimate of $0.44. The consensus estimate for MAG Silver’s current full-year earnings is $0.81 per share.
A number of other analysts have also recently commented on MAG. National Bank Financial dropped their target price on shares of MAG Silver from C$26.00 to C$24.50 in a report on Tuesday, April 18th. CIBC decreased their price objective on MAG Silver from C$24.00 to C$21.00 and set a “neutral” rating on the stock in a report on Tuesday, March 28th. Pi Financial upgraded MAG Silver from a “neutral” rating to a “buy” rating in a report on Tuesday, February 7th. National Bankshares set a C$26.50 price target on MAG Silver and gave the stock an “outperform” rating in a research report on Thursday, January 26th. Finally, TD Securities decreased their price target on MAG Silver from C$27.00 to C$25.00 in a research note on Thursday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, MAG Silver presently has an average rating of “Moderate Buy” and an average price target of C$23.45.
MAG Silver Trading Up 2.1 %
MAG Silver (TSE:MAG – Get Rating) (NYSEAMERICAN:MAG) last released its quarterly earnings data on Monday, March 27th. The company reported C($0.01) earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.08).
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, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. The company is headquartered in Vancouver, Canada.
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