Gold and Precious Metals

Q1 2024 EPS Estimates for MAG Silver Corp. (TSE:MAG) Cut by Analyst

MAG Silver Corp. (TSE:MAGFree 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, 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

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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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