Raymond James Predicts Increased Earnings for MAG Silver

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Stock analysts at Raymond James lifted their FY2024 EPS estimates for MAG Silver in a report released on Thursday, January 30th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $1.21 for the year, up from their previous estimate of $1.04. Raymond James has a “Outperform” rating and a $26.00 price objective on the stock. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share. Raymond James also issued estimates for MAG Silver’s Q4 2024 earnings at $0.39 EPS, Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.35 EPS and FY2025 earnings at $1.35 EPS.

MAG has been the subject of a number of other research reports. Roth Capital lowered MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. CIBC boosted their target price on shares of MAG Silver from C$25.00 to C$26.00 in a report on Monday, December 2nd. BMO Capital Markets raised their target price on shares of MAG Silver from C$24.00 to C$26.00 in a research note on Friday, October 25th. Stifel Nicolaus boosted their price target on shares of MAG Silver from C$25.00 to C$25.50 in a research note on Monday, November 25th. Finally, Panmure Gordon lifted their target price on MAG Silver from C$26.40 to C$27.10 in a report on Friday, November 22nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.45.

MAG Silver Stock Down 1.0 %

MAG opened at C$23.04 on Monday. MAG Silver has a fifty-two week low of C$11.15 and a fifty-two week high of C$25.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 28.03. The stock has a market cap of C$2.38 billion, a price-to-earnings ratio of 29.16, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The firm’s fifty day moving average is C$21.18 and its 200 day moving average is C$20.25.

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

Insider Activity

In related news, Director George Nickolas Paspalas sold 50,024 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of C$21.87, for a total transaction of C$1,094,099.92. Corporate insiders own 0.96% of the company’s stock.

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.