MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) - Research analysts at HC Wainwright upped their FY2025 earnings estimates for MAG Silver in a report released on Thursday, January 30th. HC Wainwright analyst H. Ihle now forecasts that the company will earn $0.82 per share for the year, up from their prior estimate of $0.75. HC Wainwright has a "Buy" rating and a $21.00 price target on the stock. The consensus estimate for MAG Silver's current full-year earnings is $0.75 per share.
A number of other brokerages have also recently commented on MAG. StockNews.com upgraded MAG Silver from a "sell" rating to a "hold" rating 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 note on Thursday, October 24th. Finally, Roth Mkm downgraded shares of MAG Silver from a "buy" rating to a "neutral" rating and upped their target price for the stock from $17.00 to $17.50 in a research note on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $18.63.
Check Out Our Latest Research Report on MAG
MAG Silver Trading Up 1.1 %
Shares of NYSEAMERICAN:MAG traded up $0.17 during midday trading on Friday, reaching $16.11. 586,475 shares of the company's stock were exchanged, compared to its average volume of 483,858. MAG Silver has a fifty-two week low of $8.19 and a fifty-two week high of $18.27. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 22.69 and a beta of 1.09.
MAG Silver (NYSEAMERICAN:MAG - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02.
Hedge Funds Weigh In On MAG Silver
Hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in shares of MAG Silver during the 3rd quarter worth approximately $28,000. Quantbot Technologies LP purchased a new position in MAG Silver in the third quarter worth $52,000. DF Dent & Co. Inc. acquired a new stake in MAG Silver in the third quarter valued at $140,000. Pekin Hardy Strauss Inc. purchased a new stake in shares of MAG Silver during the 3rd quarter worth $140,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of MAG Silver during the 3rd quarter worth $148,000. 52.50% of the stock is currently owned by hedge funds and other institutional investors.
About MAG Silver
(
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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.
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