Cormark Has Pessimistic View of MAG Silver FY2025 Earnings

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

MAG has been the topic of a number of other research reports. Roth Capital set a $16.00 price target on shares of MAG Silver in a research note on Tuesday. HC Wainwright upped their target price on shares of MAG Silver from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday. TD Securities raised shares of MAG Silver to a “strong-buy” rating in a research report on Monday, March 10th. Raymond James restated an “outperform” rating on shares of MAG Silver in a report on Tuesday. Finally, Roth Mkm cut their target price on MAG Silver from $16.50 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

MAG Silver Stock Down 5.6 %

MAG Silver stock opened at $15.70 on Thursday. MAG Silver has a 12 month low of $10.62 and a 12 month high of $18.27. The business has a fifty day moving average of $15.70. The company has a market capitalization of $1.62 billion, a P/E ratio of 22.11 and a beta of 1.09.

MAG Silver Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MAG. Quantbot Technologies LP bought a new stake in MAG Silver during the third quarter valued at about $52,000. DF Dent & Co. Inc. purchased a new stake in MAG Silver during the 3rd quarter valued at approximately $140,000. D. E. Shaw & Co. Inc. bought a new stake in shares of MAG Silver during the fourth quarter valued at approximately $156,000. Aigen Investment Management LP purchased a new position in shares of MAG Silver in the fourth quarter worth $156,000. Finally, Verition Fund Management LLC purchased a new position in MAG Silver during the third quarter valued at $168,000. 52.50% of the stock is currently owned by institutional investors.

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.