FY2025 EPS Estimates for MAG Silver Increased by Analyst

MAG Silver Corp. (NYSEAMERICAN:MAG) – HC Wainwright upped their FY2025 EPS estimates for MAG Silver in a research note issued on Tuesday, March 25th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings per share of $1.01 for the year, up from their previous estimate of $0.82. HC Wainwright currently has a “Buy” rating and a $22.00 price target on the stock. The consensus estimate for MAG Silver’s current full-year earnings is $0.73 per share.

Several other brokerages have also issued reports on MAG. Roth Mkm lowered their price target on shares of MAG Silver from $16.50 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday. Roth Capital set a $16.00 target price on shares of MAG Silver in a research note on Tuesday. Finally, TD Securities upgraded shares of MAG Silver to a “strong-buy” rating in a research note on Monday, March 10th. Four 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $18.00.

MAG Silver Trading Up 3.8 %

MAG opened at $16.63 on Thursday. The company has a market capitalization of $1.72 billion, a PE ratio of 23.42 and a beta of 1.09. MAG Silver has a 1 year low of $9.90 and a 1 year high of $18.27. The company’s 50 day moving average price is $15.67.

Hedge Funds Weigh In On MAG Silver

Institutional investors and hedge funds have recently bought and sold shares of the business. PKO Investment Management Joint Stock Co acquired a new stake in shares of MAG Silver in the fourth quarter valued at approximately $651,000. Integrated Advisors Network LLC increased its stake in shares of MAG Silver by 38.7% in the 4th quarter. Integrated Advisors Network LLC now owns 61,250 shares of the company’s stock valued at $833,000 after buying an additional 17,100 shares during the period. Two Sigma Investments LP bought a new stake in shares of MAG Silver during the fourth quarter worth $401,000. Millennium Management LLC lifted its stake in shares of MAG Silver by 3,324.7% during the fourth quarter. Millennium Management LLC now owns 886,203 shares of the company’s stock valued at $12,052,000 after acquiring an additional 860,326 shares during the period. Finally, Eschler Asset Management LLP boosted its holdings in MAG Silver by 83.3% in the fourth quarter. Eschler Asset Management LLP now owns 55,000 shares of the company’s stock valued at $748,000 after acquiring an additional 25,000 shares during the last quarter. Institutional investors and hedge funds own 52.50% of the company’s stock.

MAG Silver Announces Dividend

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

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.