MAG Silver Corp. to Post Q2 2024 Earnings of $0.26 Per Share, Roth Capital Forecasts (TSE:MAG)

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Investment analysts at Roth Capital raised their Q2 2024 EPS estimates for MAG Silver in a research note issued to investors on Wednesday, April 24th. Roth Capital analyst J. Reagor now forecasts that the company will earn $0.26 per share for the quarter, up from their prior estimate of $0.23. The consensus estimate for MAG Silver’s current full-year earnings is $0.55 per share. Roth Capital also issued estimates for MAG Silver’s Q3 2024 earnings at $0.25 EPS, Q4 2024 earnings at $0.22 EPS and FY2024 earnings at $0.93 EPS.

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

Other equities analysts also recently issued research reports about the company. BMO Capital Markets lowered their price target on MAG Silver from C$21.50 to C$21.00 in a report on Thursday, January 25th. National Bankshares lowered their target price on shares of MAG Silver from C$21.75 to C$21.50 in a research note on Friday, April 19th. TD Securities cut their target price on shares of MAG Silver from C$20.00 to C$18.00 and set a “buy” rating for the company in a research report on Wednesday, March 20th. Canaccord Genuity Group raised their price target on MAG Silver from C$20.00 to C$22.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Stifel Nicolaus dropped their price objective on MAG Silver from C$20.50 to C$20.25 in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, MAG Silver presently has an average rating of “Moderate Buy” and an average target price of C$19.81.

MAG Silver Stock Up 0.2 %

Shares of MAG stock opened at C$17.74 on Friday. The stock’s 50 day simple moving average is C$13.98 and its 200 day simple moving average is C$13.89. MAG Silver has a twelve month low of C$11.15 and a twelve month high of C$18.51. The company has a debt-to-equity ratio of 0.03, a quick ratio of 25.31 and a current ratio of 15.04. The company has a market capitalization of C$1.83 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 0.84 and a beta of 1.00.

Insider Transactions at MAG Silver

In related news, Senior Officer Peter Megaw sold 76,291 shares of the 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. In related news, Director George Nickolas Paspalas sold 11,634 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of C$15.85, for a total value of C$184,398.90. Also, Senior Officer Peter Megaw sold 76,291 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of C$16.39, for a total transaction of C$1,250,172.99. In the last 90 days, insiders have sold 106,704 shares of company stock worth $1,752,125. 0.47% of the stock is currently owned by company insiders.

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.