Roth Capital Comments on MAG Silver Corp.’s FY2025 Earnings (NYSEAMERICAN:MAG)

MAG Silver Corp. (NYSEAMERICAN:MAG) – Research analysts at Roth Capital issued their FY2025 earnings per share (EPS) estimates for MAG Silver in a report issued on Wednesday, April 24th. Roth Capital analyst J. Reagor anticipates that the company will post earnings of $0.49 per share for the year. The consensus estimate for MAG Silver’s current full-year earnings is $0.50 per share.

MAG Silver (NYSEAMERICAN:MAG) last released its quarterly earnings data on Tuesday, March 19th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01.

MAG has been the topic of several other research reports. StockNews.com raised MAG Silver to a “sell” rating in a research report on Wednesday, March 27th. HC Wainwright increased their price target on MAG Silver from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday. Scotiabank upgraded MAG Silver from a “sector perform” rating to a “sector outperform” rating and dropped their price target for the company from $15.00 to $13.50 in a research note on Thursday, March 28th. Finally, Stifel Nicolaus decreased their price objective on MAG Silver from $20.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.25.

MAG Silver Stock Up 7.5 %

Shares of MAG Silver stock opened at $12.97 on Thursday. The firm has a market cap of $1.34 billion, a P/E ratio of 27.60 and a beta of 1.15. MAG Silver has a 12 month low of $8.19 and a 12 month high of $13.62.

Hedge Funds Weigh In On MAG Silver

A number of hedge funds have recently modified their holdings of MAG. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of MAG Silver by 2.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,542,545 shares of the company’s stock worth $26,403,000 after buying an additional 58,849 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of MAG Silver by 9.6% in the third quarter. CIBC Asset Management Inc now owns 88,229 shares of the company’s stock worth $915,000 after buying an additional 7,753 shares in the last quarter. Lynwood Capital Management Inc. bought a new position in shares of MAG Silver in the third quarter worth approximately $517,000. Privium Fund Management B.V. lifted its stake in shares of MAG Silver by 44.9% in the third quarter. Privium Fund Management B.V. now owns 15,500 shares of the company’s stock worth $161,000 after buying an additional 4,800 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of MAG Silver by 1.9% in the third quarter. Oppenheimer & Co. Inc. now owns 361,116 shares of the company’s stock worth $3,745,000 after buying an additional 6,895 shares in the last quarter. Hedge funds and other institutional investors own 52.50% of the company’s stock.

About MAG Silver

MAG 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.