Confused? Buy or Sell in volatile market – Analyst report MAG Silver (NYSE:MAG)

Earnings results for MAG Silver (NYSE:MAG)

MAG Silver Corporation is estimated to report earnings on 11/13/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.01. The reported EPS for the same quarter last year was $-0.02.

MAG Silver last posted its quarterly earnings results on August 12th, 2020. The reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. MAG Silver has generated ($0.05) earnings per share over the last year.

Analyst Opinion on MAG Silver (NYSE:MAG)

2 Wall Street analysts have issued ratings and price targets for MAG Silver in the last 12 months. Their average twelve-month price target is $19.50, predicting that the stock has a possible upside of 14.10%. The high price target for MAG is $23.00 and the low price target for MAG is $16.00. There are currently 2 buy ratings for the stock, resulting in a consensus rating of “Buy.”

MAG Silver has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $19.50, MAG Silver has a forecasted upside of 14.1% from its current price of $17.09. MAG Silver has received no research coverage in the past 90 days.

Dividend Strength: MAG Silver (NYSE:MAG)

MAG Silver does not currently pay a dividend. MAG Silver does not have a long track record of dividend growth.

Insiders buying/selling: MAG Silver (NYSE:MAG)

In the past three months, MAG Silver insiders have not sold or bought any company stock. Only 8.74% of the stock of MAG Silver is held by insiders. 38.50% of the stock of MAG Silver is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of MAG Silver (NYSE:MAG

Earnings for MAG Silver are expected to grow in the coming year, from ($0.12) to $0.63 per share. The P/E ratio of MAG Silver is -89.95, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of MAG Silver is -89.95, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. MAG Silver has a P/B Ratio of 6.86. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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