Q4 Earnings Forecast for MAG Silver Issued By Cormark

MAG Silver Corp. (NYSEAMERICAN:MAG) – Cormark issued their Q4 2024 earnings per share (EPS) estimates for shares of MAG Silver in a note issued to investors on Thursday, January 30th. Cormark analyst N. Dion anticipates that the company will post earnings of $0.18 per share for the quarter. The consensus estimate for MAG Silver’s current full-year earnings is $0.74 per share. Cormark also issued estimates for MAG Silver’s FY2025 earnings at $0.77 EPS.

MAG Silver (NYSEAMERICAN:MAG) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02.

A number of other equities research analysts have also recently issued reports on MAG. Roth Capital cut shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. HC Wainwright upped their price target on shares of MAG Silver from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday. Roth Mkm cut MAG Silver from a “buy” rating to a “neutral” rating and boosted their price target for the company from $17.00 to $17.50 in a research note on Thursday, October 24th. Finally, StockNews.com upgraded shares of MAG Silver from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $18.63.

MAG Silver Trading Down 2.9 %

NYSEAMERICAN:MAG opened at $15.80 on Friday. MAG Silver has a fifty-two week low of $8.19 and a fifty-two week high of $18.27. The stock has a market cap of $1.63 billion, a PE ratio of 22.25 and a beta of 1.08.

Hedge Funds Weigh In On MAG Silver

Institutional investors and hedge funds have recently modified their holdings of the business. Van ECK Associates Corp raised its stake in shares of MAG Silver by 4.8% in the third quarter. Van ECK Associates Corp now owns 10,231,410 shares of the company’s stock worth $143,649,000 after purchasing an additional 467,817 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in MAG Silver by 199.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 382,027 shares of the company’s stock valued at $5,374,000 after acquiring an additional 254,553 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of MAG Silver by 69.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 456,335 shares of the company’s stock valued at $6,407,000 after buying an additional 186,445 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of MAG Silver by 310.5% during the second quarter. Mackenzie Financial Corp now owns 190,385 shares of the company’s stock worth $2,224,000 after acquiring an additional 144,007 shares in the last quarter. Finally, PCJ Investment Counsel Ltd. increased its position in shares of MAG Silver by 38.1% during the third quarter. PCJ Investment Counsel Ltd. now owns 369,290 shares of the company’s stock valued at $5,196,000 after buying an additional 101,870 shares during the period. 52.50% of the stock is currently owned by institutional investors.

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.