FY2025 EPS Estimates for MAG Silver Cut by Raymond James

MAG Silver Corp. (NYSEAMERICAN:MAG) – Research analysts at Raymond James cut their FY2025 earnings estimates for MAG Silver in a note issued to investors on Monday, March 24th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.93 per share for the year, down from their prior estimate of $0.94. The consensus estimate for MAG Silver’s current full-year earnings is $0.73 per share.

Several other equities research analysts have also recently commented on MAG. HC Wainwright lifted their target price on MAG Silver from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday. Roth Capital set a $16.00 price objective on MAG Silver in a research report on Tuesday. Roth Mkm dropped their price objective on MAG Silver from $16.50 to $16.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, TD Securities raised shares of MAG Silver to a “strong-buy” rating in a research note 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

MAG Silver Trading Down 2.8 %

Shares of MAG Silver stock opened at $16.02 on Wednesday. The firm has a 50 day moving average of $15.62. MAG Silver has a fifty-two week low of $9.11 and a fifty-two week high of $18.27. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 22.56 and a beta of 1.09.

Institutional Investors Weigh In On MAG Silver

Several large investors have recently bought and sold shares of the company. First Eagle Investment Management LLC raised its position in shares of MAG Silver by 46.4% during the fourth quarter. First Eagle Investment Management LLC now owns 7,839,793 shares of the company’s stock worth $106,379,000 after purchasing an additional 2,486,538 shares during the period. Tidal Investments LLC increased its stake in MAG Silver by 3.6% during the 3rd quarter. Tidal Investments LLC now owns 2,810,051 shares of the company’s stock worth $39,453,000 after purchasing an additional 98,312 shares in the last quarter. Sprott Inc. increased its stake in MAG Silver by 8.5% during the 4th quarter. Sprott Inc. now owns 2,649,507 shares of the company’s stock worth $36,004,000 after purchasing an additional 208,252 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in MAG Silver by 6.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,161,605 shares of the company’s stock worth $15,762,000 after buying an additional 73,205 shares during the period. Finally, Millennium Management LLC lifted its stake in 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. Institutional investors own 52.50% of the company’s stock.

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 paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a dividend yield of 1.5%.

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.