What is Cormark’s Estimate for MAG Silver Q4 Earnings?

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Analysts at Cormark issued their Q4 2024 EPS estimates for MAG Silver in a note issued to investors on Thursday, January 30th. Cormark analyst N. Dion anticipates that the company will earn $0.26 per share for the quarter. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share.

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

A number of other equities research analysts have also weighed in on the stock. CIBC lifted their target price on shares of MAG Silver from C$25.00 to C$26.00 in a research note on Monday, December 2nd. TD Securities raised their price objective on MAG Silver from C$26.00 to C$27.00 and gave the company a “buy” rating in a research report on Thursday. Panmure Gordon upped their target price on shares of MAG Silver from C$26.40 to C$27.10 in a research report on Friday, November 22nd. Raymond James boosted their price objective on shares of MAG Silver from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Stifel Nicolaus lifted their target price on shares of MAG Silver from C$25.00 to C$25.50 in a report on Monday, November 25th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$25.45.

MAG Silver Stock Performance

TSE:MAG opened at C$23.55 on Friday. The company has a quick ratio of 25.31, a current ratio of 28.03 and a debt-to-equity ratio of 0.01. The firm’s fifty day simple moving average is C$21.05 and its 200 day simple moving average is C$20.09. The stock has a market cap of C$2.43 billion, a P/E ratio of 29.81, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. MAG Silver has a twelve month low of C$11.15 and a twelve month high of C$25.36.

Insider Buying and Selling at MAG Silver

In other MAG Silver news, Director George Nickolas Paspalas sold 50,024 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of C$21.87, for a total transaction of C$1,094,099.92. Company insiders own 0.96% of the company’s stock.

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.