What is Cormark’s Forecast for MAG Silver Q4 Earnings?

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Equities researchers at Cormark issued their Q4 2024 earnings estimates for MAG Silver in a report issued on Thursday, January 30th. Cormark analyst N. Dion forecasts that the company will earn $0.26 per share for the quarter. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share.

Several other equities analysts have also recently weighed in on MAG. Roth Capital cut MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. CIBC increased their target price on shares of MAG Silver from C$25.00 to C$26.00 in a research report on Monday, December 2nd. Raymond James lifted their price target on MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Stifel Nicolaus upped their target price on shares of MAG Silver from C$25.00 to C$25.50 in a report on Monday, November 25th. Finally, BMO Capital Markets raised their price target on MAG Silver from C$24.00 to C$26.00 in a report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$25.45.

MAG Silver Trading Down 3.0 %

Shares of MAG Silver stock opened at C$22.84 on Friday. MAG Silver has a 52 week low of C$11.15 and a 52 week high of C$25.36. The stock has a market capitalization of C$2.36 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The stock has a 50 day moving average price of C$21.11 and a two-hundred day moving average price of C$20.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 28.03.

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

Insider Activity

In related news, Director George Nickolas Paspalas sold 50,024 shares of MAG Silver stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of C$21.87, for a total transaction 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.