MAG Silver Corp. (TSE:MAG) to Post Q1 2024 Earnings of $0.19 Per Share, Roth Capital Forecasts

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Research analysts at Roth Capital dropped their Q1 2024 earnings per share estimates for shares of MAG Silver in a report issued on Wednesday, March 27th. Roth Capital analyst J. Reagor now forecasts that the company will earn $0.19 per share for the quarter, down from their previous estimate 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 subject of a number of other research reports. BMO Capital Markets reduced their target price on MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. 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. Raymond James reduced their price objective on MAG Silver from C$21.00 to C$19.50 and set an “outperform” rating for the company in a research note on Thursday. Finally, Stifel Nicolaus lifted their price objective on MAG Silver from C$19.00 to C$19.50 and gave the company a “buy” rating in a research note on Thursday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$19.69.

MAG Silver Stock Performance

Shares of MAG stock opened at C$14.29 on Thursday. The firm has a market capitalization of C$1.47 billion, a price-to-earnings ratio of 34.02, a price-to-earnings-growth ratio of 0.84 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 15.04 and a quick ratio of 25.31. The business has a fifty day moving average of C$12.19 and a 200 day moving average of C$13.59. MAG Silver has a 1 year low of C$11.15 and a 1 year 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.