Q3 2024 EPS Estimates for MAG Silver Corp. Reduced by Raymond James (TSE:MAG)

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Equities research analysts at Raymond James cut their Q3 2024 earnings estimates for MAG Silver in a report released on Wednesday, April 24th. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $0.23 for the quarter, down from their previous forecast of $0.25. 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 Q4 2024 earnings at $0.23 EPS.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its quarterly earnings results 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.

Several other research firms also recently commented on MAG. National Bankshares lowered their price objective on shares of MAG Silver from C$21.75 to C$21.50 in a research note on Friday, April 19th. Stifel Nicolaus lowered their price objective on shares of MAG Silver from C$20.50 to C$20.25 in a research note on Thursday. BMO Capital Markets lowered their price objective on shares of MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. Canaccord Genuity Group lifted their price objective on shares of MAG Silver from C$20.00 to C$22.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, TD Securities lowered 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. One 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$19.81.

MAG Silver Price Performance

TSE MAG opened at C$17.74 on Friday. MAG Silver has a 12-month low of C$11.15 and a 12-month high of C$18.51. The firm’s fifty day simple moving average is C$13.98 and its two-hundred day simple moving average is C$13.89. The company has a current ratio of 15.04, a quick ratio of 25.31 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of C$1.83 billion, a P/E ratio of 27.72, a P/E/G ratio of 0.84 and a beta of 1.00.

Insider Activity at MAG Silver

In related news, Senior Officer Michael John Curlook sold 18,779 shares of the business’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total transaction of C$317,552.89. In other MAG Silver news, Senior Officer Michael John Curlook sold 18,779 shares of the company’s stock in a transaction dated 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 the company’s stock in a transaction dated 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. Insiders sold 106,704 shares of company stock worth $1,752,125 over the last three months. 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.