Q2 2023 EPS Estimates for MAG Silver Corp. (TSE:MAG) Boosted by Raymond James

Posted by on Jul 31st, 2023

MAG Silver Corp. (TSE:MAG – Free Report) (NYSEAMERICAN:MAG) – Research analysts at Raymond James raised their Q2 2023 earnings per share (EPS) estimates for shares of MAG Silver in a report issued on Wednesday, July 26th. Raymond James analyst B. Macarthur now expects that the company will earn $0.22 per share for the quarter, up from their previous forecast of $0.12. The consensus estimate for MAG Silver’s current full-year earnings is $0.66 per share. Raymond James also issued estimates for MAG Silver’s Q4 2023 earnings at $0.46 EPS.

Several other research analysts also recently weighed in on the stock. Stifel Nicolaus dropped their target price on shares of MAG Silver from C$26.00 to C$22.75 in a report on Thursday, July 13th. National Bank Financial dropped their price objective on shares of MAG Silver from C$26.00 to C$24.50 in a report on Tuesday, April 18th. Finally, TD Securities dropped their price objective on shares of MAG Silver from C$27.00 to C$25.00 in a report on Thursday, May 11th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$23.97.

MAG Silver Trading Up 0.7 %

Shares of MAG Silver stock opened at C$15.27 on Monday. The company has a market capitalization of C$1.57 billion, a P/E ratio of 54.54, a P/E/G ratio of 0.84 and a beta of 0.99. The company has a debt-to-equity ratio of 0.05, a quick ratio of 25.31 and a current ratio of 11.76. The company has a fifty day moving average of C$15.48 and a 200 day moving average of C$16.84. MAG Silver has a fifty-two week low of C$13.93 and a fifty-two week high of C$22.96.

MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) last issued its earnings results on Wednesday, May 10th. The company reported C$0.07 earnings per share for the quarter, missing the consensus estimate of C$0.09 by C($0.02).

MAG Silver Company Profile

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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.

See Also

Earnings History and Estimates for MAG Silver (TSE:MAG)

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