MAG Silver Corp. (TSE:MAG – Get Rating) (NYSEAMERICAN:MAG) – Analysts at Raymond James decreased their FY2022 earnings per share (EPS) estimates for shares of MAG Silver in a report issued on Tuesday, September 13th. Raymond James analyst B. Macarthur now anticipates that the company will earn $0.38 per share for the year, down from their previous estimate of $0.56. 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 $1.51 per share. Raymond James also issued estimates for MAG Silver's Q4 2022 earnings at $0.14 EPS.
Get MAG Silver alerts:Other analysts have also issued reports about the company. National Bankshares reduced their price objective on MAG Silver from C$28.25 to C$23.50 and set an "outperform" rating on the stock in a research note on Thursday, July 21st. Stifel Nicolaus reduced their price objective on MAG Silver from C$29.75 to C$28.75 in a research note on Friday, August 19th. Finally, HC Wainwright reaffirmed a "buy" rating and issued a C$16.50 price objective on shares of MAG Silver in a research note on Thursday, July 28th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$24.32.
MAG Silver Stock Performance
TSE:MAG opened at C$16.07 on Friday. The stock's 50-day simple moving average is C$16.29 and its 200 day simple moving average is C$18.18. The firm has a market capitalization of C$1.59 billion and a PE ratio of 76.52. The company has a quick ratio of 28.86, a current ratio of 30.10 and a debt-to-equity ratio of 0.09. MAG Silver has a twelve month low of C$13.60 and a twelve month high of C$26.94.MAG Silver (TSE:MAG – Get Rating) (NYSEAMERICAN:MAG) last released its earnings results on Monday, August 15th. The company reported C$0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.07 by C$0.03.
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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