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

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

MAG has been the subject of several other reports. Raymond James lifted their price objective on MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Panmure Gordon boosted their price target on shares of MAG Silver from C$26.40 to C$27.10 in a report on Friday, November 22nd. Roth Capital downgraded shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. BMO Capital Markets boosted their price objective on shares of MAG Silver from C$24.00 to C$26.00 in a research note on Friday, October 25th. Finally, TD Securities increased their target price on MAG Silver from C$26.00 to C$27.00 and gave the company a “buy” rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$25.45.

MAG Silver Price Performance

Shares of MAG stock opened at C$23.55 on Friday. MAG Silver has a twelve month low of C$11.15 and a twelve month high of C$25.36. The company has a current ratio of 28.03, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of C$21.05 and a two-hundred day simple moving average of C$20.09. The stock has a market capitalization of C$2.43 billion, a price-to-earnings ratio of 29.81, a P/E/G ratio of 0.84 and a beta of 1.14.

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

Insider Buying and Selling at MAG Silver

In other MAG Silver news, Director George Nickolas Paspalas sold 50,024 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of C$21.87, for a total value of C$1,094,099.92. 0.96% of the stock is currently owned by company insiders.

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.