HC Wainwright Comments on MAG Silver Corp.’s FY2024 Earnings (TSE:MAG)

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) – Equities research analysts at HC Wainwright increased their FY2024 earnings per share (EPS) estimates for shares of MAG Silver in a report issued on Thursday, April 25th. HC Wainwright analyst H. Ihle now anticipates that the company will earn $0.81 per share for the year, up from their previous forecast of $0.76. The consensus estimate for MAG Silver’s current full-year earnings is $0.55 per share.

A number of other analysts have also recently weighed in on the stock. Canaccord Genuity Group increased their price objective on shares of MAG Silver from C$20.00 to C$22.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Raymond James raised their target price on shares of MAG Silver from C$19.50 to C$20.50 in a research note on Tuesday, April 23rd. National Bankshares lowered their target price on shares of MAG Silver from C$21.75 to C$21.50 in a research note on Friday, April 19th. Stifel Nicolaus lowered their target price on shares of MAG Silver from C$20.50 to C$20.25 in a research note on Thursday. Finally, TD Securities lowered their target price on shares of MAG Silver from C$20.00 to C$18.00 and set a “buy” rating on the stock in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, MAG Silver has an average rating of “Moderate Buy” and an average target price of C$19.81.

MAG Silver Stock Up 0.2 %

MAG stock opened at C$17.74 on Monday. The company has a quick ratio of 25.31, a current ratio of 15.04 and a debt-to-equity ratio of 0.03. MAG Silver has a fifty-two week low of C$11.15 and a fifty-two week high of C$18.51. The firm’s 50-day simple moving average is C$13.98 and its 200 day simple moving average is C$13.88. The stock has a market cap of C$1.83 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 0.84 and a beta of 1.00.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its earnings results on Tuesday, March 19th. The company reported C$0.19 EPS for the quarter, topping the consensus estimate of C$0.18 by C$0.01.

Insider Transactions at MAG Silver

In other news, Director George Nickolas Paspalas sold 11,634 shares of MAG Silver stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$15.85, for a total value of C$184,398.90. In other news, Director George Nickolas Paspalas sold 11,634 shares of MAG Silver stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$15.85, for a total value of C$184,398.90. Also, Senior Officer Michael John Curlook sold 18,779 shares of MAG Silver stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of C$16.91, for a total transaction of C$317,552.89. Insiders have sold 106,704 shares of company stock valued at $1,752,125 in the last quarter. Insiders own 0.47% of the company’s stock.

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.