Q3 Earnings Estimate for MAG Silver Issued By Raymond James

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Investment analysts at Raymond James boosted their Q3 2024 earnings estimates for shares of MAG Silver in a report released on Thursday, October 24th. Raymond James analyst B. Macarthur now expects that the company will post earnings of $0.33 per share for the quarter, up from their previous forecast of $0.27. Raymond James has a “Outperform” rating and a $26.00 price objective on the stock. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share. Raymond James also issued estimates for MAG Silver’s Q4 2024 earnings at $0.25 EPS and FY2024 earnings at $1.06 EPS.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued 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.

A number of other research analysts also recently commented on MAG. BMO Capital Markets upped their price objective on shares of MAG Silver from C$24.00 to C$26.00 in a research report on Friday. Stifel Nicolaus boosted their target price on shares of MAG Silver from C$21.50 to C$25.00 in a research report on Monday, October 21st. Roth Capital lowered shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Finally, TD Securities upped their target price on MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, MAG Silver has a consensus rating of “Moderate Buy” and a consensus target price of C$23.75.

MAG Silver Stock Performance

TSE:MAG opened at C$24.22 on Monday. The company has a market cap of C$2.50 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 0.84 and a beta of 1.14. MAG Silver has a fifty-two week low of C$11.15 and a fifty-two week high of C$24.88. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 28.03. The stock has a fifty day moving average price of C$19.46 and a 200-day moving average price of C$18.09.

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.