MAG Silver Q4 EPS Boosted by National Bank Financial

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Investment analysts at National Bank Financial lifted their Q4 2024 earnings per share estimates for shares of MAG Silver in a research report issued on Monday, February 10th. National Bank Financial analyst D. Demarco now expects that the company will earn $0.33 per share for the quarter, up from their previous estimate of $0.28. The consensus estimate for MAG Silver’s current full-year earnings is $1.22 per share.

Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus boosted their price target on shares of MAG Silver from C$25.00 to C$25.50 in a research note on Monday, November 25th. CIBC lifted their target price on MAG Silver from C$25.00 to C$26.00 in a report on Monday, December 2nd. BMO Capital Markets upped their price target on MAG Silver from C$24.00 to C$26.00 in a report on Friday, October 25th. TD Securities lifted their price objective on MAG Silver from C$26.00 to C$27.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Panmure Gordon upped their target price on shares of MAG Silver from C$26.40 to C$27.10 in a research note on Friday, November 22nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$25.45.

MAG Silver Trading Down 1.3 %

TSE MAG opened at C$23.14 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 28.03. The firm has a market cap of C$2.39 billion, a price-to-earnings ratio of 29.29, a PEG ratio of 0.84 and a beta of 1.14. The firm has a 50 day simple moving average of C$21.29 and a 200-day simple moving average of C$20.38. MAG Silver has a one year low of C$11.15 and a one year high of C$25.36.

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

Insider Buying and Selling at MAG Silver

In related news, Director George Nickolas Paspalas sold 50,024 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of C$21.87, for a total transaction of C$1,094,099.92. 0.96% of the stock is currently owned by insiders.

MAG Silver Company Profile

MAG Silver Corp is a Canadian mining company. It is focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district-scale, silver-dominant projects in the Americas. Its principal focus and asset are the Juanicipio Project (44%), being developed in a JV partnership with Fresnillo Plc (56%).