FY2024 EPS Estimates for MAG Silver Boosted by HC Wainwright

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Investment analysts at HC Wainwright raised their FY2024 earnings per share estimates for shares of MAG Silver in a research note issued on Wednesday, November 13th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings of $1.03 per share for the year, up from their prior estimate of $0.92. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share. HC Wainwright also issued estimates for MAG Silver’s FY2025 earnings at $1.05 EPS.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its 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.

A number of other research firms have also issued reports on MAG. Roth Capital lowered shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. 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. Raymond James raised their price target on shares of MAG Silver from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. TD Securities lifted 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, CIBC increased their price objective on shares of MAG Silver from C$24.00 to C$25.00 in a research note on Wednesday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$24.71.

MAG Silver Price Performance

Shares of TSE MAG opened at C$20.71 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 28.03 and a quick ratio of 25.31. MAG Silver has a 1-year low of C$11.15 and a 1-year high of C$25.36. The company has a market capitalization of C$2.14 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 0.84 and a beta of 1.14. The business has a 50-day moving average of C$20.70 and a 200-day moving average of C$18.66.

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.