Roth Capital Analysts Cut Earnings Estimates for MAG Silver

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Equities researchers at Roth Capital lowered their FY2024 EPS estimates for MAG Silver in a research note issued to investors on Tuesday, November 12th. Roth Capital analyst J. Reagor now expects that the company will earn $1.12 per share for the year, down from their previous estimate of $1.17. Roth Capital has a “Hold” rating on the stock. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share.

Several other research firms have also issued reports on MAG. CIBC increased their target price on shares of MAG Silver from C$24.00 to C$25.00 in a research note on Wednesday. Stifel Nicolaus increased their target price on shares of MAG Silver from C$21.50 to C$25.00 in a research note on Monday, October 21st. Raymond James upped 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 upped their price target on shares of MAG Silver from C$22.00 to C$25.00 in a research report on Friday, October 18th. Finally, BMO Capital Markets upped their price target on shares of MAG Silver from C$24.00 to C$26.00 in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.71.

MAG Silver Trading Up 3.0 %

MAG stock opened at C$21.34 on Friday. The company’s 50-day simple moving average is C$20.76 and its 200-day simple moving average is C$18.69. The company has a quick ratio of 25.31, a current ratio of 28.03 and a debt-to-equity ratio of 0.01. MAG Silver has a 52-week low of C$11.15 and a 52-week high of C$25.36. The firm has a market cap of C$2.20 billion, a P/E ratio of 26.90, a PEG ratio of 0.84 and a beta of 1.14.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its quarterly earnings results on Tuesday, November 12th. The company reported C$0.30 EPS for the quarter, beating the consensus estimate of C$0.28 by C$0.02.

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.