FY2025 EPS Estimates for MAG Silver Raised by HC Wainwright

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

A number of other analysts also recently weighed in on the stock. Roth Capital set a $16.00 price target on shares of MAG Silver in a research report on Tuesday. Roth Mkm lowered their target price on shares of 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 shares of MAG Silver to a “strong-buy” rating in a research report on Monday, March 10th. Four 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

MAG Silver Stock Up 3.8 %

NYSEAMERICAN:MAG opened at $16.63 on Thursday. MAG Silver has a 1-year low of $9.90 and a 1-year high of $18.27. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 23.42 and a beta of 1.09. The firm has a 50-day moving average of $15.67.

MAG Silver Dividend Announcement

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

Hedge Funds Weigh In On MAG Silver

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MAG. The Manufacturers Life Insurance Company grew its stake in shares of MAG Silver by 199.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 382,027 shares of the company’s stock worth $5,374,000 after acquiring an additional 254,553 shares in the last quarter. Quantbot Technologies LP acquired a new position in MAG Silver during the third quarter worth $52,000. Verition Fund Management LLC bought a new position in MAG Silver in the third quarter valued at $168,000. National Bank of Canada FI increased its stake in MAG Silver by 12.0% in the 3rd quarter. National Bank of Canada FI now owns 225,802 shares of the company’s stock valued at $3,171,000 after buying an additional 24,185 shares during the last quarter. Finally, DF Dent & Co. Inc. bought a new stake in MAG Silver during the 3rd quarter worth about $140,000. 52.50% of the stock is owned by institutional investors and hedge funds.

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.