Q3 2024 EPS Estimates for MAG Silver Corp. (TSE:MAG) Raised by Analyst

MAG Silver Corp. (TSE:MAG - Free Report) NYSEAMERICAN: MAG - Equities researchers at Roth Capital boosted their Q3 2024 earnings estimates for shares of MAG Silver in a note issued to investors on Tuesday, May 14th. Roth Capital analyst J. Reagor now expects that the company will post earnings per share of $0.26 for the quarter, up from their previous forecast of $0.25. The consensus estimate for MAG Silver's current full-year earnings is $0.75 per share.

Several other research analysts have also recently weighed in on MAG. Stifel Nicolaus upped their price target on shares of MAG Silver from C$20.25 to C$20.50 in a report on Wednesday. Canaccord Genuity Group lifted their price target on MAG Silver from C$20.00 to C$22.00 and gave the company a "buy" rating in a research note on Tuesday, April 23rd. Ventum Cap Mkts cut MAG Silver from a "buy" rating to a "neutral" rating in a research report on Friday, May 3rd. Raymond James lifted their target price on MAG Silver from C$19.50 to C$20.50 in a research report on Tuesday, April 23rd. Finally, BMO Capital Markets reduced their price target on MAG Silver from C$21.50 to C$21.00 in a research report on Thursday, January 25th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$19.83.

MAG Silver Stock Up 0.3 %

Shares of TSE:MAG traded up C$0.05 during trading on Wednesday, hitting C$17.62. 292,144 shares of the company's stock traded hands, compared to its average volume of 265,331. The company has a 50-day moving average price of C$15.43 and a 200-day moving average price of C$14.11. MAG Silver has a 52 week low of C$11.15 and a 52 week high of C$18.15. The company has a current ratio of 15.04, a quick ratio of 25.31 and a debt-to-equity ratio of 0.03. The company has a market cap of C$1.81 billion, a price-to-earnings ratio of 27.53, a price-to-earnings-growth ratio of 0.84 and a beta of 1.08.

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

Insiders Place Their Bets

In related news, Senior Officer Peter Megaw sold 76,291 shares of the firm's stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of C$16.39, for a total value of C$1,250,172.99. In other news, Director George Nickolas Paspalas sold 11,634 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of C$15.85, for a total value of C$184,398.90. Also, Senior Officer Peter Megaw sold 76,291 shares of the firm's stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of C$16.39, for a total transaction of C$1,250,172.99. Over the last three months, insiders have sold 106,704 shares of company stock valued at $1,752,125. 0.96% of the stock is currently owned by corporate insiders.

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.