What is Cormark’s Forecast for MAG Silver FY2024 Earnings?

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Equities research analysts at Cormark upped their FY2024 EPS estimates for MAG Silver in a research report issued on Wednesday, November 13th. Cormark analyst N. Dion now expects that the company will post earnings per share of $1.11 for the year, up from their previous forecast of $1.08. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share.

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

Several other analysts have also weighed in on MAG. Raymond James upped their target price on MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Stifel Nicolaus increased their price objective on shares of MAG Silver from C$21.50 to C$25.00 in a research note on Monday, October 21st. BMO Capital Markets lifted their target price on shares of MAG Silver from C$24.00 to C$26.00 in a research report on Friday, October 25th. Roth Capital lowered shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, TD Securities raised their price objective on shares of MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, MAG Silver has a consensus rating of “Moderate Buy” and an average price target of C$24.71.

MAG Silver Stock Performance

TSE MAG opened at C$21.34 on Thursday. The business has a 50 day moving average price of C$20.76 and a 200 day moving average price of C$18.69. The company has a market capitalization of C$2.20 billion, a P/E ratio of 26.90, a PEG ratio of 0.84 and a beta of 1.14. MAG Silver has a 1-year low of C$11.15 and a 1-year high of C$25.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 28.03 and a quick ratio of 25.31.

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.