MAG Silver Corp. (NYSEAMERICAN:MAG – Free Report) – Investment analysts at Cormark issued their FY2026 EPS estimates for shares of MAG Silver in a research note issued on Tuesday, March 25th. Cormark analyst N. Dion expects that the company will post earnings of $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 research analysts also recently commented on MAG. Roth Capital set a $16.00 price objective on MAG Silver in a research note on Tuesday. Roth Mkm decreased their target price on shares of MAG Silver from $16.50 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday. HC Wainwright lifted their price target on shares of MAG Silver from $21.00 to $22.00 and gave the company a “buy” rating 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 equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $18.00.
MAG Silver Stock Down 2.8 %
NYSEAMERICAN MAG opened at $16.02 on Wednesday. The firm’s fifty day moving average is $15.62. MAG Silver has a fifty-two week low of $9.11 and a fifty-two week high of $18.27. The stock has a market capitalization of $1.66 billion, a P/E ratio of 22.56 and a beta of 1.09.
MAG Silver Announces Dividend
The business also recently disclosed 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.
Hedge Funds Weigh In On MAG Silver
Several institutional investors have recently bought and sold shares of MAG. Pekin Hardy Strauss Inc. purchased a new stake in shares of MAG Silver during the 3rd quarter worth approximately $140,000. The Manufacturers Life Insurance Company increased its position in MAG Silver by 199.7% in the third quarter. The Manufacturers Life Insurance Company now owns 382,027 shares of the company’s stock worth $5,374,000 after purchasing an additional 254,553 shares during the last quarter. Quantbot Technologies LP purchased a new stake in MAG Silver during the third quarter valued at $52,000. Verition Fund Management LLC bought a new position in MAG Silver during the third quarter valued at $168,000. Finally, National Bank of Canada FI grew its stake in shares of MAG Silver by 12.0% in the 3rd quarter. National Bank of Canada FI now owns 225,802 shares of the company’s stock worth $3,171,000 after buying an additional 24,185 shares in the last quarter. 52.50% of the stock is owned by hedge funds and other 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.
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