What is Cormark's Estimate for MAG Silver FY2025 Earnings?

MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) - Equities research analysts at Cormark reduced their FY2025 earnings per share (EPS) estimates for shares of MAG Silver in a report issued on Tuesday, March 25th. Cormark analyst N. Dion now anticipates that the company will post earnings of $0.67 per share for the year, down from their previous estimate of $0.77. 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. HC Wainwright lifted their target price on shares of MAG Silver from $21.00 to $22.00 and gave the stock a "buy" rating in a report on Tuesday, March 25th. Roth Mkm dropped their price objective on MAG Silver from $16.50 to $16.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Roth Capital set a $16.00 target price on MAG Silver in a research note on Tuesday, March 25th. Raymond James reaffirmed an "outperform" rating on shares of MAG Silver in a report on Tuesday, March 25th. Finally, TD Securities upgraded MAG Silver to a "strong-buy" rating in a report on Monday, March 10th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, MAG Silver has an average rating of "Moderate Buy" and a consensus price target of $18.00.

MAG Silver Price Performance

Shares of NYSEAMERICAN:MAG traded down $0.35 during trading on Thursday, reaching $15.35. The stock had a trading volume of 320,679 shares, compared to its average volume of 623,345. The firm's fifty day moving average is $15.70. MAG Silver has a 52 week low of $10.62 and a 52 week high of $18.27. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 21.62 and a beta of 1.09.

MAG Silver Announces Dividend

The firm also recently declared a -- dividend, which will be paid on Monday, April 21st. Shareholders of record on Friday, April 4th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a yield of 1.5%.

Institutional Trading of MAG Silver

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new stake in MAG Silver in the third quarter valued at $52,000. DF Dent & Co. Inc. acquired a new stake in shares of MAG Silver during the 3rd quarter worth about $140,000. Aigen Investment Management LP bought a new position in MAG Silver during the 4th quarter valued at about $156,000. D. E. Shaw & Co. Inc. acquired a new position in MAG Silver in the fourth quarter valued at about $156,000. Finally, Verition Fund Management LLC bought a new stake in MAG Silver during the third quarter worth about $168,000. Institutional investors own 52.50% of the company's stock.

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.