What is Cormark's Forecast for MAG Silver Q4 Earnings?

MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) - Research analysts at Cormark issued their Q4 2024 earnings per share (EPS) estimates for MAG Silver in a report issued 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 $0.75 per share. Cormark also issued estimates for MAG Silver's FY2025 earnings at $0.77 EPS.

Other equities research analysts have also issued reports about the company. HC Wainwright boosted their target price on MAG Silver from $20.00 to $21.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Roth Mkm downgraded shares of MAG Silver from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $17.00 to $17.50 in a report on Thursday, October 24th. Roth Capital lowered shares of MAG Silver from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 24th. Finally, StockNews.com upgraded MAG Silver from a "sell" rating to a "hold" rating in a research note 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's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $18.63.

MAG Silver Price Performance

NYSEAMERICAN MAG traded up $0.16 during trading on Friday, hitting $16.10. 472,786 shares of the company traded hands, compared to its average volume of 483,305. The firm has a market cap of $1.66 billion, a P/E ratio of 22.68 and a beta of 1.09. MAG Silver has a 12 month low of $8.19 and a 12 month high of $18.27.

MAG Silver (NYSEAMERICAN:MAG - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.02.

Institutional Investors Weigh In On MAG Silver

A number of institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp lifted its holdings in shares of MAG Silver by 310.5% during the 2nd 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 during the period. Barclays PLC lifted its stake in MAG Silver by 211.5% during the third quarter. Barclays PLC now owns 30,780 shares of the company's stock worth $432,000 after purchasing an additional 20,899 shares during the period. Van ECK Associates Corp boosted its holdings in MAG Silver by 4.8% during the third quarter. Van ECK Associates Corp now owns 10,231,410 shares of the company's stock valued at $143,649,000 after purchasing an additional 467,817 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in MAG Silver by 69.1% during the third quarter. JPMorgan Chase & Co. now owns 456,335 shares of the company's stock valued at $6,407,000 after purchasing an additional 186,445 shares in the last quarter. Finally, PCJ Investment Counsel Ltd. boosted its holdings in 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 purchasing an additional 101,870 shares in the last quarter. Institutional investors and hedge funds own 52.50% of the company's stock.

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.