FY2024 EPS Estimates for MAG Silver Cut by Raymond James

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Stock analysts at Raymond James lowered their FY2024 earnings per share estimates for shares of MAG Silver in a report issued on Wednesday, November 13th. Raymond James analyst B. Macarthur now expects that the company will earn $1.04 per share for the year, down from their previous forecast of $1.06. Raymond James currently has a “Outperform” rating and a $26.00 price target on the stock. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share.

Several other equities analysts have also weighed in on MAG. Stifel Nicolaus boosted their target price on shares of MAG Silver from C$21.50 to C$25.00 in a report on Monday, October 21st. CIBC raised their target price on shares of MAG Silver from C$24.00 to C$25.00 in a report on Wednesday, November 13th. Roth Capital downgraded shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. TD Securities increased their price target on shares of MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. Finally, BMO Capital Markets lifted their price objective on shares of MAG Silver from C$24.00 to C$26.00 in a research report on Friday, October 25th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.71.

MAG Silver Price Performance

The firm has a fifty day moving average price of C$21.04 and a 200 day moving average price of C$18.79. MAG Silver has a 1 year low of C$11.15 and a 1 year high of C$25.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 28.03. The stock has a market capitalization of C$2.28 billion, a P/E ratio of 27.75, a PEG ratio of 0.84 and a beta of 1.14.

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

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.