MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) was downgraded by equities research analysts at Roth Capital from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday, Zacks.com reports. Roth Capital also issued estimates for MAG Silver’s Q3 2024 earnings at $0.37 EPS and FY2024 earnings at $1.17 EPS.
Other equities analysts also recently issued research reports about the company. Stifel Nicolaus upped their target price on MAG Silver from C$21.50 to C$25.00 in a research report on Monday. Raymond James boosted their target price on shares of MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, TD Securities raised their price target on shares of MAG Silver from C$22.00 to C$25.00 in a research report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$22.50.
View Our Latest Report on MAG Silver
MAG Silver Price Performance
MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.28 EPS for the quarter, topping analysts’ consensus estimates of C$0.27 by C$0.01. As a group, analysts expect that MAG Silver will post 1.2235023 EPS for the current year.
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.
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