MAG Silver (TSE:MAG) Downgraded by Roth Capital to Hold

Roth Capital downgraded shares of MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) from a strong-buy rating to a hold rating in a research note released on Thursday, Zacks.com reports. Roth Capital also issued estimates for MAG Silver’s Q3 2024 earnings at $0.37 EPS and FY2024 earnings at $1.17 EPS.

Several other research analysts have also recently issued reports on MAG. Raymond James lifted their target price on shares of MAG Silver from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a report on Thursday. Stifel Nicolaus lifted their target price on shares of MAG Silver from C$21.50 to C$25.00 in a report on Monday. Finally, TD Securities lifted their target price on shares of MAG Silver from C$22.00 to C$25.00 in a report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, MAG Silver has an average rating of “Moderate Buy” and a consensus target price of C$22.50.

MAG Silver Price Performance

MAG Silver has a 12-month low of C$11.15 and a 12-month high of C$24.88. The stock has a market cap of C$2.55 billion, a PE ratio of 31.28, a P/E/G ratio of 0.84 and a beta of 1.14. The company’s 50-day simple moving average is C$19.32 and its 200-day simple moving average is C$18.03. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 28.03.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.27 by C$0.01. Research analysts expect that MAG Silver will post 1.2235023 earnings per share for the current fiscal year.

About MAG Silver

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.