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

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Analysts at Cormark issued their Q1 2024 EPS estimates for MAG Silver in a note issued to investors on Monday, April 22nd. Cormark analyst N. Dion anticipates 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.

Several other research analysts have also weighed in on the stock. Canaccord Genuity Group increased their target price on shares of MAG Silver from C$20.00 to C$22.00 in a research note on Tuesday. TD Securities lowered 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 note on Wednesday, March 20th. National Bankshares lowered their price objective on shares of MAG Silver from C$21.75 to C$21.50 in a research note on Friday, April 19th. Raymond James raised their price objective on shares of MAG Silver from C$19.50 to C$20.50 in a research note on Tuesday. Finally, BMO Capital Markets lowered their price objective on shares of MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.83.

MAG Silver Trading Down 0.4 %

Shares of MAG stock opened at C$16.55 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 15.04 and a quick ratio of 25.31. The firm has a market cap of C$1.70 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 0.84 and a beta of 1.00. The company has a 50-day moving average of C$13.75 and a two-hundred day moving average of C$13.84. MAG Silver has a 1-year low of C$11.15 and a 1-year high of C$18.51.

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

Insider Activity at MAG Silver

In related news, Director George Nickolas Paspalas sold 11,634 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$15.85, for a total value of C$184,398.90. In other MAG Silver news, Senior Officer Michael John Curlook sold 18,779 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total transaction of C$317,552.89. Also, Director George Nickolas Paspalas sold 11,634 shares of the firm’s stock in a transaction that occurred 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. Insiders have sold a total of 106,704 shares of company stock valued at $1,752,125 over the last 90 days. 0.47% of the stock is owned by corporate insiders.

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.