MAG Silver Corp. (NYSEAMERICAN:MAG – Free Report) – Research analysts at Cormark issued their FY2026 earnings per share estimates for MAG Silver in a research report issued on Tuesday, March 25th. Cormark analyst N. Dion anticipates that the company will earn $0.62 per share for the year. The consensus estimate for MAG Silver’s current full-year earnings is $0.73 per share.
Several other equities analysts have also recently issued reports on the company. TD Securities upgraded MAG Silver to a “strong-buy” rating in a research note on Monday, March 10th. HC Wainwright lifted their price target on shares of MAG Silver from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday. Roth Capital set a $16.00 price target on shares of MAG Silver in a report on Tuesday. Finally, Roth Mkm reduced their price objective on shares of MAG Silver from $16.50 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.00.
MAG Silver Price Performance
MAG opened at $16.63 on Wednesday. The business’s fifty day moving average is $15.67. MAG Silver has a 12 month low of $9.90 and a 12 month high of $18.27. The firm has a market cap of $1.72 billion, a PE ratio of 23.42 and a beta of 1.09.
MAG Silver Dividend Announcement
The business also recently declared 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 Inflows and Outflows
A number of hedge funds have recently modified their holdings of MAG. Pekin Hardy Strauss Inc. purchased a new position in shares of MAG Silver during the third quarter worth approximately $140,000. The Manufacturers Life Insurance Company grew its position in MAG Silver by 199.7% during the third quarter. The Manufacturers Life Insurance Company now owns 382,027 shares of the company’s stock worth $5,374,000 after buying an additional 254,553 shares during the period. Quantbot Technologies LP purchased a new position in MAG Silver in the third quarter valued at about $52,000. Verition Fund Management LLC acquired a new stake in shares of MAG Silver during the 3rd quarter valued at approximately $168,000. Finally, National Bank of Canada FI boosted its stake in shares of MAG Silver by 12.0% during the 3rd quarter. National Bank of Canada FI now owns 225,802 shares of the company’s stock worth $3,171,000 after acquiring an additional 24,185 shares in the last quarter. 52.50% of the stock is owned by hedge funds and other institutional investors.
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.
Read More
- Five stocks we like better than MAG Silver
- What is the Dogs of the Dow Strategy? Overview and Examples
- Penny Stock SurgePays Rises 70%: 1 Reason to Buy, 5 to Sell
- Dividend Payout Ratio Calculator
- Top 3 Beverage Stocks Pouring Out Profits
- Top Stocks Investing in 5G Technology
- CarMax and Carvana: Steering the Used Car Market
Receive News & Ratings for MAG Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MAG Silver and related companies with MarketBeat.com's FREE daily email newsletter.