National Bank Financial Forecasts MAG Silver Q4 Earnings

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Equities research analysts at National Bank Financial issued their Q4 2024 EPS estimates for MAG Silver in a research note issued to investors on Thursday, November 28th. National Bank Financial analyst D. Demarco anticipates that the company will post earnings per share of $0.28 for the quarter. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share.

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

A number of other equities research analysts also recently issued reports on MAG. Raymond James boosted their price objective 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, October 24th. Panmure Gordon boosted their price target on MAG Silver from C$26.40 to C$27.10 in a report on Friday, November 22nd. Roth Capital downgraded MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. BMO Capital Markets boosted their price objective on MAG Silver from C$24.00 to C$26.00 in a research note on Friday, October 25th. Finally, CIBC increased their target price on shares of MAG Silver from C$25.00 to C$26.00 in a report on Monday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, MAG Silver currently has a consensus rating of “Moderate Buy” and an average target price of C$25.20.

MAG Silver Stock Performance

Shares of TSE MAG opened at C$21.53 on Monday. MAG Silver has a 12-month low of C$11.15 and a 12-month high of C$25.36. The firm has a market capitalization of C$2.22 billion, a price-to-earnings ratio of 27.25, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The company has a current ratio of 28.03, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of C$21.72 and a 200 day moving average of C$19.07.

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.