Q4 2023 EPS Estimates for MAG Silver Corp. Cut by Raymond James (TSE:MAG)

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 %

Shares of MAG opened at C$15.86 on Monday. The firm’s 50 day simple moving average is C$17.18 and its 200 day simple moving average is C$18.91. The company has a market capitalization of C$1.63 billion, a P/E ratio of 63.44, a P/E/G ratio of 0.84 and a beta of 1.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 11.98 and a quick ratio of 25.31. MAG Silver has a 1-year low of C$13.60 and a 1-year high of C$22.96.

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

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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.