MAG Silver Corp. (TSE:MAG) Expected to Post Q1 2024 Earnings of $0.10 Per Share

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Equities researchers at Cormark issued their Q1 2024 EPS estimates for MAG Silver in a research report issued on Monday, April 22nd. Cormark analyst N. Dion anticipates that the company will post earnings per share of $0.10 for the quarter. The consensus estimate for MAG Silver’s current full-year earnings is $0.55 per share.

Other analysts also recently issued research reports about the stock. BMO Capital Markets decreased their price target on shares of MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. TD Securities reduced 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 boosted their price objective on shares of MAG Silver from C$19.50 to C$20.50 in a research note on Friday, April 19th. Canaccord Genuity Group boosted their price objective on shares of MAG Silver from C$20.00 to C$22.00 in a research note on Tuesday. Finally, Raymond James boosted their price objective on shares of MAG Silver from C$19.50 to C$20.50 in a research note on Tuesday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, MAG Silver currently has a consensus rating of “Moderate Buy” and an average price target of C$19.83.

MAG Silver Stock Performance

MAG Silver stock opened at C$16.62 on Tuesday. The company has a 50 day moving average price of C$13.65 and a 200-day moving average price of C$13.82. 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 fifty-two week low of C$11.15 and a fifty-two week high of C$18.51. The company has a market capitalization of C$1.71 billion, a PE ratio of 25.97, a P/E/G ratio of 0.84 and a beta of 1.00.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced its quarterly earnings data on Tuesday, March 19th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.18 by C$0.01.

Insiders Place Their Bets

In other MAG Silver news, Senior Officer Michael John Curlook sold 18,779 shares of MAG Silver stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total value of C$317,552.89. In other MAG Silver news, Senior Officer Michael John Curlook sold 18,779 shares of MAG Silver stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total value of C$317,552.89. Also, Senior Officer Peter Megaw sold 76,291 shares of MAG Silver stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of C$16.39, for a total transaction of C$1,250,172.99. Over the last three months, insiders have sold 106,704 shares of company stock valued at $1,752,125. 0.47% 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.