Raymond James Comments on MAG Silver Corp.'s Q3 2024 Earnings (TSE:MAG)

MAG Silver Corp. (TSE:MAG - Free Report) NYSEAMERICAN: MAG - Stock analysts at Raymond James dropped their Q3 2024 earnings per share estimates for shares of MAG Silver in a research report issued on Wednesday, April 24th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.23 for the quarter, down from their prior forecast of $0.25. The consensus estimate for MAG Silver's current full-year earnings is $0.55 per share. Raymond James also issued estimates for MAG Silver's Q4 2024 earnings at $0.23 EPS.

A number of other equities analysts have also recently weighed in on the company. Canaccord Genuity Group increased their price target on MAG Silver from C$20.00 to C$22.00 and gave the stock a "buy" rating in a report on Tuesday. National Bankshares lowered their price target on MAG Silver from C$21.75 to C$21.50 in a report on Friday, April 19th. Stifel Nicolaus lowered their price target on MAG Silver from C$20.50 to C$20.25 in a report on Thursday. BMO Capital Markets lowered their price target on MAG Silver from C$21.50 to C$21.00 in a report on Thursday, January 25th. Finally, TD Securities lowered their price target on MAG Silver from C$20.00 to C$18.00 and set a "buy" rating for the company in a report on Wednesday, March 20th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$19.81.

MAG Silver Trading Up 0.2 %

Shares of TSE MAG traded up C$0.04 during mid-day trading on Friday, reaching C$17.74. 176,003 shares of the company's stock were exchanged, compared to its average volume of 273,341. The firm has a market capitalization of C$1.83 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 0.84 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 25.31 and a current ratio of 15.04. MAG Silver has a 52-week low of C$11.15 and a 52-week high of C$18.51. The company's 50-day moving average is C$13.87 and its 200-day moving average is C$13.87.

MAG Silver (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG last issued its earnings results on Tuesday, March 19th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.18 by C$0.01.

Insider Transactions at MAG Silver

In other news, Director George Nickolas Paspalas sold 11,634 shares of the firm's stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of C$15.85, for a total transaction of C$184,398.90. In other MAG Silver news, Senior Officer Michael John Curlook sold 18,779 shares of MAG Silver stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of C$16.91, for a total transaction of C$317,552.89. Also, Director George Nickolas Paspalas sold 11,634 shares of MAG Silver stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of C$15.85, for a total value of C$184,398.90. In the last 90 days, insiders have sold 106,704 shares of company stock valued at $1,752,125. Corporate insiders own 0.47% 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.