Q1 2024 EPS Estimates for MAG Silver Corp. (TSE:MAG) Cut by Analyst
MAG Silver Corp. (TSE:MAG – Free Report) (NYSEAMERICAN:MAG) – Raymond James reduced their Q1 2024 EPS estimates for MAG Silver in a research note issued on Tuesday, March 19th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.14 for the quarter, down from their prior estimate of $0.18. The consensus estimate for MAG Silver’s current full-year earnings is $0.58 per share. Raymond James also issued estimates for MAG Silver’s Q2 2024 earnings at $0.14 EPS, Q3 2024 earnings at $0.14 EPS and Q4 2024 earnings at $0.14 EPS.
Several other equities analysts have also commented on the company. BMO Capital Markets cut their price target on MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. TD Securities decreased their target price on MAG Silver from C$20.00 to C$18.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Stifel Nicolaus reduced their target price on MAG Silver from C$20.00 to C$19.00 and set a “buy” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$19.88.
Get Our Latest Stock Analysis on MAG Silver
MAG Silver Stock Down 0.2 %
TSE:MAG opened at C$12.50 on Thursday. MAG Silver has a twelve month low of C$11.15 and a twelve month high of C$19.28. The company has a market cap of C$1.29 billion, a price-to-earnings ratio of 29.76, a price-to-earnings-growth ratio of 0.84 and a beta of 1.00. The stock has a fifty day simple moving average of C$12.15 and a 200-day simple moving average of C$13.62. The company has a current ratio of 15.04, a quick ratio of 25.31 and a debt-to-equity ratio of 0.03.
MAG Silver Company Profile
MAG Silver Corp. engages in the exploration and development of precious metal mining properties. The company explores for silver, gold, lead, copper, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp.
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