Cormark Has Bullish Outlook for MAG Silver FY2026 Earnings

MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) - Equities research analysts at Cormark increased their FY2026 earnings per share estimates for MAG Silver in a research note issued to investors on Thursday, April 24th. Cormark analyst N. Dion now forecasts that the company will earn $0.68 per share for the year, up from their prior estimate of $0.62. The consensus estimate for MAG Silver's current full-year earnings is $0.73 per share.

A number of other brokerages also recently issued reports on MAG. Scotiabank reissued a "sector perform" rating on shares of MAG Silver in a report on Monday, April 14th. HC Wainwright reiterated a "buy" rating and issued a $22.00 target price on shares of MAG Silver in a research note on Thursday. Roth Mkm decreased their target price on shares of MAG Silver from $16.50 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. Raymond James reiterated an "outperform" rating on shares of MAG Silver in a research note on Tuesday, March 25th. Finally, Roth Capital set a $16.00 target price on shares of MAG Silver in a research note on Tuesday, March 25th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $18.60.

MAG Silver Trading Up 1.2 %

Shares of MAG stock traded up $0.19 during mid-day trading on Friday, reaching $15.67. The stock had a trading volume of 293,683 shares, compared to its average volume of 681,314. The business's fifty day moving average is $15.45 and its 200-day moving average is $15.27. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 22.07 and a beta of 1.09. MAG Silver has a 1-year low of $11.29 and a 1-year high of $18.27.

MAG Silver Announces Dividend

The firm also recently announced a -- dividend, which was paid on Monday, April 21st. Stockholders of record on Friday, April 4th were issued a dividend of $0.18 per share. This represents a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, April 4th. MAG Silver's payout ratio is 101.41%.

Institutional Investors Weigh In On MAG Silver

Hedge funds have recently modified their holdings of the company. First Eagle Investment Management LLC boosted its stake in MAG Silver by 46.4% during the fourth quarter. First Eagle Investment Management LLC now owns 7,839,793 shares of the company's stock worth $106,379,000 after buying an additional 2,486,538 shares during the period. Millennium Management LLC lifted its position in shares of MAG Silver by 3,324.7% during the fourth quarter. Millennium Management LLC now owns 886,203 shares of the company's stock worth $12,052,000 after purchasing an additional 860,326 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of MAG Silver during the fourth quarter worth about $3,482,000. Sprott Inc. lifted its position in shares of MAG Silver by 8.5% during the fourth quarter. Sprott Inc. now owns 2,649,507 shares of the company's stock worth $36,004,000 after purchasing an additional 208,252 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in MAG Silver by 69.1% in the third quarter. JPMorgan Chase & Co. now owns 456,335 shares of the company's stock valued at $6,407,000 after acquiring an additional 186,445 shares in the last quarter. Hedge funds and other institutional investors 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.