What is Cormark’s Forecast for MAG Silver FY2025 Earnings?

MAG Silver Corp. (NYSEAMERICAN:MAG) – Stock analysts at Cormark dropped their FY2025 earnings per share (EPS) estimates for MAG Silver in a note issued to investors on Tuesday, March 25th. Cormark analyst N. Dion now forecasts that the company will post earnings of $0.67 per share 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.

Several other analysts have also issued reports on the stock. TD Securities upgraded shares of MAG Silver to a “strong-buy” rating in a research report on Monday, March 10th. Roth Mkm reduced their target price on 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 price target on MAG Silver in a report on Tuesday. Finally, HC Wainwright raised their price objective on MAG Silver from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

MAG Silver Trading Up 3.8 %

MAG stock opened at $16.63 on Thursday. The firm has a 50-day moving average price of $15.67. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 23.42 and a beta of 1.09. MAG Silver has a 12 month low of $9.90 and a 12 month high of $18.27.

MAG Silver Dividend Announcement

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

Institutional Trading of MAG Silver

Hedge funds and other institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its position in MAG Silver by 199.7% during the 3rd 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 bought a new position in shares of MAG Silver during the third quarter valued at $52,000. Verition Fund Management LLC bought a new position in shares of MAG Silver during the third quarter valued at $168,000. National Bank of Canada FI lifted its holdings in shares of MAG Silver by 12.0% during the third quarter. National Bank of Canada FI now owns 225,802 shares of the company’s stock worth $3,171,000 after purchasing an additional 24,185 shares during the period. Finally, DF Dent & Co. Inc. bought a new stake in shares of MAG Silver in the third quarter worth $140,000. 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.