Q4 Earnings Estimate for MAG Silver Issued By Raymond James

MAG Silver Corp. (NYSEAMERICAN:MAG) – Equities researchers at Raymond James raised their Q4 2024 earnings per share (EPS) estimates for shares of MAG Silver in a research report issued on Thursday, January 30th. Raymond James analyst B. Macarthur now expects that the company will post earnings of $0.27 per share for the quarter, up from their prior forecast of $0.18. The consensus estimate for MAG Silver’s current full-year earnings is $0.74 per share. Raymond James also issued estimates for MAG Silver’s Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.24 EPS, Q3 2025 earnings at $0.24 EPS and Q4 2025 earnings at $0.23 EPS.

MAG has been the subject of several other reports. HC Wainwright increased their price target on shares of MAG Silver from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday. StockNews.com raised MAG Silver from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Roth Capital downgraded MAG Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Roth Mkm downgraded MAG Silver from a “buy” rating to a “neutral” rating and raised their price target for the stock from $17.00 to $17.50 in a research note on Thursday, October 24th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $18.63.

MAG Silver Price Performance

NYSEAMERICAN:MAG opened at $15.80 on Friday. The stock has a market capitalization of $1.63 billion, a PE ratio of 22.25 and a beta of 1.08. MAG Silver has a 12 month low of $8.19 and a 12 month high of $18.27.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CIBC Asset Management Inc grew its position in MAG Silver by 0.7% during the 4th quarter. CIBC Asset Management Inc now owns 114,355 shares of the company’s stock worth $1,550,000 after purchasing an additional 755 shares during the period. Strategic Financial Concepts LLC purchased a new stake in MAG Silver in the 4th quarter worth $240,000. Allspring Global Investments Holdings LLC increased its stake in shares of MAG Silver by 56.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 278,000 shares of the company’s stock worth $3,781,000 after purchasing an additional 100,500 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in MAG Silver by 69.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 456,335 shares of the company’s stock worth $6,407,000 after buying an additional 186,445 shares during the last quarter. Finally, 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 buying an additional 98,312 shares in the last quarter. 52.50% of the stock is currently 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.