MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) - Stock analysts at National Bank Financial boosted their Q4 2024 earnings estimates for MAG Silver in a research note issued on Monday, February 10th. National Bank Financial analyst D. Demarco now expects that the company will post earnings per share of $0.23 for the quarter, up from their previous estimate of $0.20. The consensus estimate for MAG Silver's current full-year earnings is $0.75 per share.
MAG Silver (NYSEAMERICAN:MAG - Get Free Report) last announced 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.
A number of other brokerages also recently issued reports on MAG. Roth Mkm downgraded MAG Silver from a "buy" rating to a "neutral" rating and upped their price target for the stock from $17.00 to $17.50 in a research note on Thursday, October 24th. StockNews.com upgraded MAG Silver from a "sell" rating to a "hold" rating in a research note on Thursday, October 24th. HC Wainwright raised their price objective on MAG Silver from $20.00 to $21.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Finally, Roth Capital cut MAG Silver from a "strong-buy" 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 given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $18.63.
Get Our Latest Stock Analysis on MAG
MAG Silver Stock Performance
NYSEAMERICAN:MAG traded down $0.70 during mid-day trading on Wednesday, reaching $16.40. The company's stock had a trading volume of 937,878 shares, compared to its average volume of 529,993. MAG Silver has a 12-month low of $8.19 and a 12-month high of $18.27. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 23.10 and a beta of 1.09.
Institutional Trading of MAG Silver
Hedge funds have recently modified their holdings of the business. Capital Performance Advisors LLP purchased a new position in MAG Silver during the third quarter worth $28,000. Quantbot Technologies LP purchased a new stake in shares of MAG Silver in the third quarter valued at $52,000. DF Dent & Co. Inc. purchased a new stake in shares of MAG Silver in the third quarter valued at $140,000. Pekin Hardy Strauss Inc. purchased a new stake in shares of MAG Silver in the third quarter valued at $140,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of MAG Silver in the third quarter valued at $148,000. 52.50% of the stock is owned by institutional investors and hedge funds.
MAG Silver Company Profile
(
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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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