What is Stifel Canada’s Estimate for MAG Silver Q3 Earnings?

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Equities research analysts at Stifel Canada issued their Q3 2024 earnings estimates for shares of MAG Silver in a report released on Monday, October 21st. Stifel Canada analyst S. Soock forecasts that the company will post earnings of $0.21 per share for the quarter. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share. Stifel Canada also issued estimates for MAG Silver’s FY2024 earnings at $0.92 EPS, FY2025 earnings at $2.58 EPS and FY2026 earnings at $2.46 EPS.

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

Several other equities research analysts have also issued reports on the stock. TD Securities increased their target price on shares of MAG Silver from C$22.00 to C$25.00 in a report on Friday, October 18th. Raymond James raised their price target on MAG Silver from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Stifel Nicolaus raised their price target on MAG Silver from C$21.50 to C$25.00 in a research report on Monday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, MAG Silver currently has a consensus rating of “Moderate Buy” and a consensus target price of C$22.50.

MAG Silver Price Performance

MAG Silver has a 52-week low of C$11.15 and a 52-week high of C$24.88. The stock has a market cap of C$2.55 billion, a price-to-earnings ratio of 31.28, a P/E/G ratio of 0.84 and a beta of 1.14. 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 company’s 50 day simple moving average is C$19.32 and its 200-day simple moving average is C$18.03.

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.