What is Roth Capital’s Forecast for MAG Silver Q3 Earnings?

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Equities researchers at Roth Capital lifted their Q3 2024 earnings estimates for MAG Silver in a research report issued to clients and investors on Thursday, October 24th. Roth Capital analyst J. Reagor now forecasts that the company will earn $0.37 per share for the quarter, up from their previous forecast of $0.30. Roth Capital currently has a “Hold” rating on the stock. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share. Roth Capital also issued estimates for MAG Silver’s FY2024 earnings at $1.17 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 for the quarter, topping analysts’ consensus estimates of C$0.27 by C$0.01.

Several other equities analysts have also issued reports on the company. BMO Capital Markets boosted their price target on MAG Silver from C$24.00 to C$26.00 in a research note on Friday. TD Securities boosted their target price on shares of MAG Silver from C$22.00 to C$25.00 in a research report on Friday, October 18th. Raymond James raised 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 report on Thursday. Finally, Stifel Nicolaus lifted their price target on shares of MAG Silver from C$21.50 to C$25.00 in a research note on Monday, October 21st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, MAG Silver currently has an average rating of “Moderate Buy” and a consensus target price of C$23.75.

MAG Silver Stock Down 2.0 %

Shares of MAG Silver stock opened at C$24.22 on Friday. The stock’s 50-day moving average is C$19.46 and its 200 day moving average is C$18.09. MAG Silver has a one year low of C$11.15 and a one year high of C$24.88. The firm 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. The company has a debt-to-equity ratio of 0.01, a current ratio of 28.03 and a quick ratio of 25.31.

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.