MAG Silver Corp. (TSE:MAG) Expected to Post Q2 2024 Earnings of $0.21 Per Share

MAG Silver Corp. (TSE:MAG – Free Report) (NYSEAMERICAN:MAG) – Stock analysts at Stifel Canada issued their Q2 2024 earnings estimates for MAG Silver in a note issued to investors on Thursday, July 18th. Stifel Canada analyst S. Soock expects that the company will post earnings of $0.21 per share for the quarter. The consensus estimate for MAG Silver’s current full-year earnings is $0.70 per share.

MAG has been the topic of a number of other reports. National Bankshares boosted their price objective on MAG Silver from C$21.00 to C$24.00 and gave the company an “outperform” rating in a research note on Wednesday, May 29th. Ventum Cap Mkts cut shares of MAG Silver from a “buy” rating to a “neutral” rating in a research note on Friday, May 3rd. Stifel Nicolaus lifted their price objective on shares of MAG Silver from C$20.25 to C$20.50 in a research note on Wednesday, May 15th. Raymond James boosted their target price on shares of MAG Silver from C$19.50 to C$20.50 in a report on Tuesday, April 23rd. Finally, Canaccord Genuity Group raised their price target on MAG Silver from C$20.00 to C$22.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$20.94.

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MAG Silver Stock Performance

Shares of MAG opened at C$18.05 on Monday. MAG Silver has a 1 year low of C$11.15 and a 1 year high of C$19.30. The company has a debt-to-equity ratio of 0.02, a current ratio of 14.66 and a quick ratio of 25.31. The stock’s fifty day moving average price is C$17.58 and its two-hundred day moving average price is C$15.13. The firm has a market cap of C$1.86 billion, a PE ratio of 23.44, a PEG ratio of 0.84 and a beta of 1.03.

MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) last posted its quarterly earnings data on Tuesday, May 14th. The company reported C$0.19 EPS for the quarter, beating the consensus estimate of C$0.14 by C$0.05.

Insider Transactions at MAG Silver

In related news, Senior Officer Marc Justin Turcotte sold 4,208 shares of MAG Silver stock in a transaction on Monday, June 10th. The stock was sold at an average price of C$17.22, for a total transaction of C$72,446.61. Insiders own 0.96% of the company’s stock.

MAG Silver Company Profile

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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.