Analysts Issue Forecasts for MAG Silver Corp.’s Q1 2022 Earnings (TSE:MAG)
MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Analysts at Raymond James issued their Q1 2022 earnings per share (EPS) estimates for shares of MAG Silver in a research report issued on Monday, April 5th. Raymond James analyst B. Macarthur forecasts that the company will post earnings of $0.25 per share for the quarter. Raymond James has a “Outperform” rating and a $27.00 price objective on the stock. Raymond James also issued estimates for MAG Silver’s Q2 2022 earnings at $0.30 EPS, Q3 2022 earnings at $0.35 EPS, Q4 2022 earnings at $0.34 EPS and FY2022 earnings at $1.25 EPS.
Separately, TD Securities boosted their price objective on MAG Silver from C$27.00 to C$30.00 and gave the company a “hold” rating in a research note on Thursday, January 7th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. MAG Silver currently has a consensus rating of “Buy” and an average price target of C$24.46.
MAG Silver Company Profile
MAG Silver Corp. focuses on the acquisition, exploration, and development of mineral properties primarily in the Americas. The company explores for silver, gold, lead, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico.
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