FY2025 EPS Estimates for MAG Silver Lowered by Raymond James

MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) - Investment analysts at Raymond James dropped their FY2025 earnings per share estimates for shares of MAG Silver in a report issued on Monday, March 24th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.93 for the year, down from their previous estimate of $0.94. Raymond James has a "Outperform" rating on the stock. The consensus estimate for MAG Silver's current full-year earnings is $0.73 per share.

MAG has been the subject of a number of other research reports. Roth Mkm decreased their target price on MAG Silver from $16.50 to $16.00 and set a "neutral" rating for the company in a report on Tuesday, March 25th. HC Wainwright upped their price objective on shares of MAG Silver from $21.00 to $22.00 and gave the company a "buy" rating in a report on Tuesday, March 25th. Roth Capital set a $16.00 price objective on shares of MAG Silver in a research note on Tuesday. Finally, TD Securities upgraded shares of MAG Silver to a "strong-buy" rating in a research report on Monday, March 10th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, MAG Silver currently has an average rating of "Moderate Buy" and a consensus target price of $18.00.

MAG Silver Price Performance

NYSEAMERICAN:MAG traded down $0.93 during trading hours on Wednesday, hitting $15.70. 1,089,570 shares of the company were exchanged, compared to its average volume of 628,689. MAG Silver has a 52-week low of $10.62 and a 52-week high of $18.27. The stock has a market cap of $1.62 billion, a PE ratio of 22.11 and a beta of 1.09. The company's 50 day moving average is $15.70.

Remove Ads

MAG Silver Dividend Announcement

The business also recently disclosed a -- dividend, which will be paid on Monday, April 21st. Investors of record on Friday, April 4th will be given 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 Investors Weigh In On MAG Silver

A number of hedge funds have recently modified their holdings of MAG. PKO Investment Management Joint Stock Co purchased a new position in MAG Silver in the fourth quarter worth approximately $651,000. Integrated Advisors Network LLC boosted its position in shares of MAG Silver by 38.7% during the fourth quarter. Integrated Advisors Network LLC now owns 61,250 shares of the company's stock worth $833,000 after buying an additional 17,100 shares during the period. Two Sigma Investments LP acquired a new stake in shares of MAG Silver in the fourth quarter valued at $401,000. Millennium Management LLC raised its holdings in shares of MAG Silver by 3,324.7% in the 4th quarter. Millennium Management LLC now owns 886,203 shares of the company's stock valued at $12,052,000 after buying an additional 860,326 shares during the period. Finally, Eschler Asset Management LLP lifted its stake in MAG Silver by 83.3% during the 4th quarter. Eschler Asset Management LLP now owns 55,000 shares of the company's stock worth $748,000 after acquiring an additional 25,000 shares in the last quarter. Hedge funds and other 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.