Research Analysts Offer Predictions for MAG Silver Corp.’s Q1 2024 Earnings (TSE:MAG)

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Analysts at Raymond James increased their Q1 2024 EPS estimates for shares of MAG Silver in a research note issued on Wednesday, April 24th. Raymond James analyst B. Macarthur now expects that the company will earn $0.19 per share for the quarter, up from their prior estimate of $0.14. The consensus estimate for MAG Silver’s current full-year earnings is $0.55 per share. Raymond James also issued estimates for MAG Silver’s Q2 2024 earnings at $0.25 EPS, Q3 2024 earnings at $0.25 EPS, Q4 2024 earnings at $0.25 EPS and FY2024 earnings at $0.90 EPS.

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

A number of other equities research analysts also recently commented on the company. BMO Capital Markets dropped their price objective on MAG Silver from C$21.50 to C$21.00 in a report on Thursday, January 25th. TD Securities reduced their price objective on 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. National Bankshares reduced their price objective on MAG Silver from C$21.75 to C$21.50 in a research report on Friday, April 19th. Stifel Nicolaus reduced their price target on MAG Silver from C$20.50 to C$20.25 in a research report on Thursday. Finally, Canaccord Genuity Group increased their price target on MAG Silver from C$20.00 to C$22.00 and gave the company a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, MAG Silver has a consensus rating of “Moderate Buy” and a consensus target price of C$19.81.

MAG Silver Trading Up 6.9 %

MAG stock opened at C$17.70 on Thursday. The company has a market cap of C$1.82 billion, a P/E ratio of 27.66, a PEG ratio of 0.84 and a beta of 1.00. MAG Silver has a twelve month low of C$11.15 and a twelve month high of C$18.51. The company has a quick ratio of 25.31, a current ratio of 15.04 and a debt-to-equity ratio of 0.03. The business has a fifty day moving average of C$13.87 and a 200-day moving average of C$13.87.

Insider Transactions at MAG Silver

In other news, Director George Nickolas Paspalas sold 11,634 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of C$15.85, for a total transaction of C$184,398.90. In other news, Director George Nickolas Paspalas sold 11,634 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of C$15.85, for a total transaction of C$184,398.90. Also, Senior Officer Peter Megaw sold 76,291 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of C$16.39, for a total value of C$1,250,172.99. Over the last quarter, insiders have sold 106,704 shares of company stock worth $1,752,125. Company insiders own 0.47% of the company’s stock.

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.