Analysts Set Expectations for MAG Silver FY2025 Earnings

MAG Silver Corp. (NYSEAMERICAN:MAG) – Analysts at HC Wainwright upped their FY2025 earnings estimates for MAG Silver in a report issued on Tuesday, March 25th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings per share of $1.01 for the year, up from their prior estimate of $0.82. HC Wainwright has a “Buy” rating and a $22.00 price target on the stock. The consensus estimate for MAG Silver’s current full-year earnings is $0.73 per share.

Other equities analysts have also issued reports about the company. Roth Mkm reduced their price objective on MAG Silver from $16.50 to $16.00 and set a “neutral” rating for the company in a report on Tuesday. TD Securities upgraded MAG Silver to a “strong-buy” rating in a research note on Monday, March 10th. Roth Capital set a $16.00 price objective on MAG Silver in a research note on Tuesday. Finally, Raymond James reaffirmed an “outperform” rating on shares of MAG Silver in a report on Tuesday. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, MAG Silver presently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

MAG Silver Stock Down 5.6 %

MAG Silver stock opened at $15.70 on Thursday. The company’s 50 day moving average is $15.70. MAG Silver has a twelve month low of $10.62 and a twelve month high of $18.27. The company has a market cap of $1.62 billion, a P/E ratio of 22.11 and a beta of 1.09.

MAG Silver Announces Dividend

The firm also recently announced a — dividend, which will be paid on Monday, April 21st. Shareholders of record on Friday, April 4th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a yield of 1.5%.

Institutional Trading of MAG Silver

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC increased its position in shares of MAG Silver by 211.5% during the 3rd quarter. Barclays PLC now owns 30,780 shares of the company’s stock valued at $432,000 after purchasing an additional 20,899 shares during the last quarter. Swiss National Bank boosted its stake in MAG Silver by 0.6% in the fourth quarter. Swiss National Bank now owns 193,900 shares of the company’s stock worth $2,633,000 after buying an additional 1,200 shares in the last quarter. Intact Investment Management Inc. grew its position in MAG Silver by 21.3% during the fourth quarter. Intact Investment Management Inc. now owns 307,433 shares of the company’s stock valued at $4,176,000 after acquiring an additional 54,033 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of MAG Silver during the fourth quarter worth approximately $240,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of MAG Silver by 69.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 456,335 shares of the company’s stock worth $6,407,000 after acquiring an additional 186,445 shares during the last quarter. Hedge funds and other institutional investors own 52.50% of the company’s stock.

MAG Silver Company Profile

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.