MAG Silver Corp. (TSE:MAG) Expected to Post Q1 2024 Earnings of $0.10 Per Share

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Stock analysts at Cormark issued their Q1 2024 earnings per share estimates for MAG Silver in a report issued on Monday, April 22nd. Cormark analyst N. Dion expects that the company will earn $0.10 per share for the quarter. The consensus estimate for MAG Silver’s current full-year earnings is $0.55 per share.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced its quarterly earnings data on Tuesday, March 19th. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.18 by C$0.01.

Other equities analysts have also issued reports about the company. TD Securities reduced their price objective on MAG Silver from C$20.00 to C$18.00 and set a “buy” rating for the company in a report on Wednesday, March 20th. Raymond James raised their price target on MAG Silver from C$19.50 to C$20.50 in a report on Tuesday. National Bankshares cut their price target on MAG Silver from C$21.75 to C$21.50 in a report on Friday, April 19th. Stifel Nicolaus raised their price target on MAG Silver from C$19.50 to C$20.50 in a report on Friday, April 19th. Finally, Canaccord Genuity Group raised their price target on MAG Silver from C$20.00 to C$22.00 in a report on Tuesday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, MAG Silver presently has an average rating of “Moderate Buy” and an average price target of C$19.83.

MAG Silver Price Performance

Shares of TSE MAG opened at C$16.62 on Tuesday. The stock has a fifty day simple moving average of C$13.65 and a two-hundred day simple moving average of C$13.82. MAG Silver has a 1-year low of C$11.15 and a 1-year high of C$18.51. The firm has a market cap of C$1.71 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 0.84 and a beta of 1.00. The company has a current ratio of 15.04, a quick ratio of 25.31 and a debt-to-equity ratio of 0.03.

Insider Activity at MAG Silver

In related news, Senior Officer Peter Megaw sold 76,291 shares of MAG Silver stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of C$16.39, for a total transaction of C$1,250,172.99. In related news, Director George Nickolas Paspalas sold 11,634 shares of MAG Silver stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of C$15.85, for a total transaction of C$184,398.90. Also, Senior Officer Peter Megaw sold 76,291 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of C$16.39, for a total value of C$1,250,172.99. Over the last quarter, insiders sold 106,704 shares of company stock valued at $1,752,125. Company insiders own 0.47% of the company’s stock.

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.