Raymond James Has Positive Outlook of MAG Silver Q3 Earnings

MAG Silver Corp. (TSE:MAG – Free Report) NYSEAMERICAN: MAG – Stock analysts at Raymond James boosted their Q3 2024 EPS estimates for shares of MAG Silver in a note issued to investors on Thursday, October 24th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.33 for the quarter, up from their prior estimate of $0.27. Raymond James currently has a "Outperform" rating and a $26.00 target price on the stock. The consensus estimate for MAG Silver\'s current full-year earnings is $1.22 per share. Raymond James also issued estimates for MAG Silver\'s Q4 2024 earnings at $0.25 EPS and FY2024 earnings at $1.06 EPS.Get MAG Silver alerts: Sign UpMAG Silver (TSE:MAG – Get Free Report) NYSEAMERICAN: MAG last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.27 by C$0.01.Other analysts also recently issued reports about the stock. Roth Capital downgraded shares of MAG Silver from a "strong-buy"

rating to a "hold" rating in a report on Thursday. BMO Capital Markets raised their price target on MAG Silver from C$24.00 to C$26.00 in a research report on Friday. Stifel Nicolaus lifted their price objective on MAG Silver from C$21.50 to C$25.00 in a research note on Monday, October 21st. Finally, TD Securities increased their target price on MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company\'s stock. According to MarketBeat, MAG Silver currently has an average rating of "Moderate Buy" and a consensus target price of C$23.75.View Our Latest Stock Analysis on MAGMAG Silver Stock Down 2.0 %Shares of MAG Silver stock opened at C$24.22 on Monday. MAG Silver has a 12-month low of C$11.15 and a 12-month high of C$24.88. The company has a quick ratio of 25.31, a current ratio of 28.03 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average price of C$19.46 and a two-hundred day moving average price of

C$18.09. The stock has a market capitalization of C$2.50 billion, a P/E ratio of 30.66, a PEG ratio of 0.84 and a beta of 1.14.MAG Silver Company ProfileMAG 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.Featured StoriesBefore you consider MAG Silver, you\'ll want to hear this.MarketBeat keeps track of Wall Street\'s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MAG Silver wasn\'t on the list.While MAG Silver currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here