Analysts Issue Forecasts for MAG Silver FY2025 Earnings

MAG Silver Corp. (NYSEAMERICAN:MAG) – Analysts at Raymond James dropped their FY2025 earnings per share (EPS) estimates for shares of MAG Silver in a research note issued to investors on Monday, March 24th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.93 for the year, down from their previous forecast of $0.94. 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 stock. Roth Capital set a $16.00 price target on shares of MAG Silver in a research report on Tuesday. TD Securities raised MAG Silver to a “strong-buy” rating in a report on Monday, March 10th. HC Wainwright raised their price target on MAG Silver from $21.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Roth Mkm reduced their price objective on MAG Silver from $16.50 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $18.00.

MAG Silver Stock Performance

Shares of NYSEAMERICAN MAG opened at $16.63 on Wednesday. The firm’s fifty day moving average is $15.67. MAG Silver has a 52-week low of $9.90 and a 52-week high of $18.27. The company has a market capitalization of $1.72 billion, a PE ratio of 23.42 and a beta of 1.09.

Institutional Trading of MAG Silver

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in shares of MAG Silver in the 3rd quarter valued at $52,000. DF Dent & Co. Inc. bought a new stake in MAG Silver in the third quarter valued at about $140,000. Pekin Hardy Strauss Inc. acquired a new position in MAG Silver in the third quarter valued at about $140,000. Aigen Investment Management LP bought a new position in MAG Silver during the fourth quarter worth about $156,000. Finally, D. E. Shaw & Co. Inc. acquired a new position in shares of MAG Silver during the 4th quarter worth about $156,000. 52.50% of the stock is owned by institutional investors.

MAG Silver Dividend Announcement

The company also recently announced a — dividend, which will be paid on Monday, April 21st. Stockholders 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 dividend yield of 1.5%.

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.