Q3 Earnings Estimate for MAG Silver Issued By Cormark

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Research analysts at Cormark issued their Q3 2024 earnings per share estimates for MAG Silver in a report issued on Wednesday, October 23rd. Cormark analyst N. Dion anticipates that the company will post earnings per share of $0.21 for the quarter. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.28 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.27 by C$0.01.

MAG has been the subject of several other reports. TD Securities increased their price objective on MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. Roth Capital downgraded shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Raymond James raised their price target on MAG Silver from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Thursday. Stifel Nicolaus increased their price objective on MAG Silver from C$21.50 to C$25.00 in a report on Monday, October 21st. Finally, BMO Capital Markets lifted their target price on shares of MAG Silver from C$24.00 to C$26.00 in a research note on Friday. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$23.06.

MAG Silver Price Performance

Shares of TSE:MAG opened at C$24.22 on Friday. MAG Silver has a 12-month low of C$11.15 and a 12-month high of C$24.88. The company has a quick ratio of 25.31, a current ratio of 28.03 and a debt-to-equity ratio of 0.01. The company has a market cap of C$2.50 billion, a P/E ratio of 30.66, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The company’s fifty day moving average is C$19.46 and its two-hundred day moving average is C$18.07.

About MAG Silver

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.