Roth Capital Analysts Decrease Earnings Estimates for MAG Silver Corp. (TSE:MAG)

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Stock analysts at Roth Capital decreased their Q1 2024 earnings per share (EPS) estimates for shares of MAG Silver in a note issued to investors on Wednesday, March 27th. Roth Capital analyst J. Reagor now anticipates that the company will post earnings of $0.19 per share for the quarter, down from their prior forecast of $0.24. The consensus estimate for MAG Silver’s current full-year earnings is $0.58 per share. Roth Capital also issued estimates for MAG Silver’s Q2 2024 earnings at $0.23 EPS, Q3 2024 earnings at $0.22 EPS and Q4 2024 earnings at $0.20 EPS.

MAG has been the topic of a number of other reports. Stifel Nicolaus lowered their price target on MAG Silver from C$20.00 to C$19.00 and set a “buy” rating on the stock in a report on Wednesday, March 20th. BMO Capital Markets cut their target price on MAG Silver from C$21.50 to C$21.00 in a research report on Thursday, January 25th. TD Securities cut their price objective on MAG Silver from C$20.00 to C$18.00 and set a “buy” rating on the stock in a research report on Wednesday, March 20th. Finally, Raymond James upped their price objective on MAG Silver from C$21.00 to C$21.50 in a research report on Friday, January 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$19.88.

MAG Silver Stock Up 9.5 %

MAG stock opened at C$13.40 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 quick ratio of 25.31, a current ratio of 15.04 and a debt-to-equity ratio of 0.03. The stock has a market cap of C$1.38 billion, a P/E ratio of 31.90, a PEG ratio of 0.84 and a beta of 1.00. The business’s 50-day moving average price is C$12.15 and its 200-day moving average price is C$13.59.

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.