Brokers Offer Predictions for MAG Silver Q4 Earnings

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – National Bank Financial issued their Q4 2024 EPS estimates for MAG Silver in a research note issued on Thursday, November 28th. National Bank Financial analyst D. Demarco forecasts that the company will post earnings per share of $0.28 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 issued its quarterly earnings data on Tuesday, November 12th. The company reported C$0.30 EPS for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.02.

A number of other brokerages also recently issued reports on MAG. TD Securities upped their price objective on MAG Silver from C$22.00 to C$25.00 in a research report on Friday, October 18th. 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. Panmure Gordon lifted their price objective on shares of MAG Silver from C$26.40 to C$27.10 in a research note on Friday, November 22nd. Roth Capital downgraded shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Stifel Nicolaus lifted their price target on shares of MAG Silver from C$25.00 to C$25.50 in a research note on Monday, November 25th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$25.20.

MAG Silver Stock Down 1.2 %

Shares of TSE:MAG opened at C$21.53 on Monday. The company has a market cap of C$2.22 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 0.84 and a beta of 1.14. MAG Silver has a 12 month low of C$11.15 and a 12 month high of C$25.36. The company has a current ratio of 28.03, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of C$21.72 and a 200 day moving average price of C$19.07.

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.