MAG Silver FY2024 EPS Forecast Increased by Roth Capital

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Investment analysts at Roth Capital raised their FY2024 earnings per share estimates for shares of MAG Silver in a research note issued to investors on Thursday, January 30th. Roth Capital analyst J. Reagor now anticipates that the company will post earnings of $1.20 per share for the year, up from their previous estimate of $1.12. Roth Capital has a “Hold” rating on the stock. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued its quarterly earnings results on Tuesday, November 12th. The company reported C$0.30 EPS for the quarter, topping the consensus estimate of C$0.28 by C$0.02.

Several other analysts have also recently issued reports on the stock. CIBC upped their price objective on shares of MAG Silver from C$25.00 to C$26.00 in a research note on Monday, December 2nd. BMO Capital Markets increased their price target on MAG Silver from C$24.00 to C$26.00 in a report on Friday, October 25th. Raymond James boosted their price objective on MAG Silver from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Stifel Nicolaus upped their target price on MAG Silver from C$25.00 to C$25.50 in a report on Monday, November 25th. Finally, Panmure Gordon lifted their price target on MAG Silver from C$26.40 to C$27.10 in a report on Friday, November 22nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, MAG Silver currently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.45.

MAG Silver Price Performance

MAG Silver stock opened at C$22.84 on Monday. The company has a fifty day simple moving average of C$21.11 and a 200-day simple moving average of C$20.17. 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 firm has a market capitalization of C$2.36 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 0.84 and a beta of 1.14. MAG Silver has a 52-week low of C$11.15 and a 52-week high of C$25.36.

Insider Activity

In other MAG Silver news, Director George Nickolas Paspalas sold 50,024 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of C$21.87, for a total value of C$1,094,099.92. Corporate insiders own 0.96% 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.