MAG Silver Corp. (TSE:MAG – Free Report) (NYSEAMERICAN:MAG) – Roth Capital cut their FY2024 earnings per share estimates for MAG Silver in a research note issued to investors on Wednesday, March 27th. Roth Capital analyst J. Reagor now anticipates that the company will post earnings per share of $0.84 for the year, down from their prior forecast of $1.10. The consensus estimate for MAG Silver’s current full-year earnings is $0.58 per share.
Other equities research analysts also recently issued research reports about the company. Raymond James lowered their price target on MAG Silver from C$21.00 to C$19.50 and set an “outperform” rating for the company in a report on Thursday. TD Securities reduced their price objective on 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. BMO Capital Markets reduced their price objective on MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. Finally, Stifel Nicolaus raised their price objective on MAG Silver from C$19.00 to C$19.50 and gave the stock a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$19.69.
MAG Silver Price Performance
Shares of TSE MAG opened at C$14.29 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 25.31 and a current ratio of 15.04. The company has a market cap of C$1.47 billion, a PE ratio of 34.02, a P/E/G ratio of 0.84 and a beta of 1.00. The business has a 50-day simple moving average of C$12.19 and a two-hundred day simple moving average of C$13.59. MAG Silver has a fifty-two week low of C$11.15 and a fifty-two week high of C$19.28.
About MAG Silver
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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