Cormark Has Negative Outlook of MAG Silver FY2025 Earnings

MAG Silver Corp. (NYSEAMERICAN:MAG) – Cormark reduced their FY2025 earnings estimates for shares of MAG Silver in a research report issued to clients and investors on Tuesday, March 25th. Cormark analyst N. Dion now forecasts that the company will earn $0.67 per share for the year, down from their prior estimate of $0.77. The consensus estimate for MAG Silver’s current full-year earnings is $0.73 per share.

Several other equities analysts have also issued reports on the stock. Roth Capital set a $16.00 target price on shares of MAG Silver in a report on Tuesday. HC Wainwright boosted their price objective on MAG Silver from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday. Roth Mkm decreased their target price on MAG Silver from $16.50 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, TD Securities raised MAG Silver to a “strong-buy” rating in a research note on Monday, March 10th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, MAG Silver has an average rating of “Moderate Buy” and a consensus price target of $18.00.

MAG Silver Stock Performance

NYSEAMERICAN:MAG opened at $16.63 on Thursday. MAG Silver has a 52 week low of $9.90 and a 52 week high of $18.27. The company has a fifty day moving average price of $15.67. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 23.42 and a beta of 1.09.

MAG Silver Dividend Announcement

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

Institutional Investors Weigh In On MAG Silver

Hedge funds and other institutional investors have recently modified their holdings of the company. PKO Investment Management Joint Stock Co bought a new position in shares of MAG Silver in the 4th quarter worth $651,000. Integrated Advisors Network LLC raised its holdings in MAG Silver by 38.7% during the fourth quarter. Integrated Advisors Network LLC now owns 61,250 shares of the company’s stock worth $833,000 after buying an additional 17,100 shares during the last quarter. Two Sigma Investments LP bought a new position in shares of MAG Silver in the fourth quarter valued at $401,000. Millennium Management LLC lifted its stake in shares of MAG Silver by 3,324.7% in the fourth quarter. Millennium Management LLC now owns 886,203 shares of the company’s stock valued at $12,052,000 after buying an additional 860,326 shares in the last quarter. Finally, Eschler Asset Management LLP grew its holdings in shares of MAG Silver by 83.3% during the fourth quarter. Eschler Asset Management LLP now owns 55,000 shares of the company’s stock valued at $748,000 after buying an additional 25,000 shares during the last quarter. 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.