Roth Capital Analysts Cut Earnings Estimates for MAG Silver

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Stock analysts at Roth Capital cut their FY2024 earnings estimates for MAG Silver in a research note issued to investors on Tuesday, November 12th. Roth Capital analyst J. Reagor now anticipates that the company will post earnings of $1.12 per share for the year, down from their prior estimate of $1.17. Roth Capital has a “Hold” rating on the stock. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share.

Several other brokerages have also weighed in on MAG. TD Securities raised their price objective on shares of MAG Silver from C$22.00 to C$25.00 in a report on Friday, October 18th. Raymond James lifted their price objective on shares of MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. BMO Capital Markets lifted their price objective on shares of MAG Silver from C$24.00 to C$26.00 in a research report on Friday, October 25th. CIBC boosted their price target on shares of MAG Silver from C$24.00 to C$25.00 in a research report on Wednesday. Finally, Stifel Nicolaus boosted their price target on shares of MAG Silver from C$21.50 to C$25.00 in a research report on Monday, October 21st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, MAG Silver has a consensus rating of “Moderate Buy” and a consensus price target of C$24.71.

MAG Silver Price Performance

Shares of MAG stock opened at C$21.34 on Friday. The company has a market capitalization of C$2.20 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The firm has a fifty day simple moving average of C$20.76 and a 200-day simple moving average of C$18.69. The company has a current ratio of 28.03, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01. MAG Silver has a twelve month low of C$11.15 and a twelve month high of C$25.36.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its quarterly earnings data on Tuesday, November 12th. The company reported C$0.30 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.02.

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.