MAG Silver Corp. (TSE:MAG) Forecasted to Post FY2024 Earnings of $1.10 Per Share

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Equities researchers at Roth Capital increased their FY2024 EPS estimates for MAG Silver in a report issued on Monday, October 7th. Roth Capital analyst J. Reagor now forecasts that the company will earn $1.10 per share for the year, up from their prior estimate of $1.01. Roth Capital also issued estimates for MAG Silver’s FY2025 earnings at $0.88 EPS.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.28 EPS for the quarter, topping the consensus estimate of C$0.27 by C$0.01.

A number of other analysts have also recently issued reports on MAG. TD Securities lifted their target price on shares of MAG Silver from C$21.00 to C$22.00 in a research note on Monday, July 22nd. Stifel Nicolaus lifted their price objective on shares of MAG Silver from C$21.25 to C$21.50 in a research note on Tuesday, August 6th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$21.17.

MAG Silver Trading Up 4.8 %

Shares of TSE:MAG opened at C$21.53 on Wednesday. MAG Silver has a 12-month low of C$11.15 and a 12-month high of C$21.65. The company has a quick ratio of 25.31, a current ratio of 28.03 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of C$2.22 billion, a P/E ratio of 27.60, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The firm has a fifty day moving average of C$18.37 and a two-hundred day moving average of C$17.39.

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.