MAG Silver Corp. (TSE:MAG – Get Rating) (NYSEAMERICAN:MAG) – Research analysts at HC Wainwright lowered their FY2023 earnings per share estimates for shares of MAG Silver in a note issued to investors on Thursday, April 27th. HC Wainwright analyst H. Ihle now expects that the company will earn $0.99 per share for the year, down from their previous estimate of $1.14. The consensus estimate for MAG Silver's current full-year earnings is $0.80 per share.
Get MAG Silver alerts:Other equities research analysts have also recently issued reports about the company. National Bankshares set a C$26.50 target price on MAG Silver and gave the stock an "outperform" rating in a report on Thursday, January 26th. TD Securities decreased their price objective on MAG Silver from C$29.00 to C$27.00 and set a "speculative buy" rating for the company in a research note on Wednesday, March 29th. Pi Financial upgraded MAG Silver from a "neutral" rating to a "buy" rating in a research note on Tuesday, February 7th. Raymond James decreased their price objective on MAG Silver from C$25.50 to C$25.00 and set an "outperform" rating for the company in a research note on Tuesday, March 28th. Finally, Stifel Nicolaus reduced their target price on MAG Silver from C$27.75 to C$25.75 in a research report on Tuesday, March 28th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$23.68.
MAG Silver Price Performance
Shares of MAG stock opened at C$17.62 on Friday. MAG Silver has a twelve month low of C$13.60 and a twelve month high of C$22.96. The stock has a market capitalization of C$1.81 billion, a price-to-earnings ratio of 73.42, a P/E/G ratio of 0.84 and a beta of 1.00. The stock has a fifty day simple moving average of C$17.00 and a two-hundred day simple moving average of C$18.89. The company has a current ratio of 11.98, a quick ratio of 25.31 and a debt-to-equity ratio of 0.06.
About MAG Silver
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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, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. The company is headquartered in Vancouver, Canada.
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