Stifel Canada Increases Earnings Estimates for MAG Silver

MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) - Equities research analysts at Stifel Canada boosted their FY2025 earnings per share estimates for shares of MAG Silver in a report released on Monday, October 21st. Stifel Canada analyst S. Soock now anticipates that the company will post earnings per share of $1.87 for the year, up from their prior estimate of $1.62. The consensus estimate for MAG Silver's current full-year earnings is $0.69 per share. Stifel Canada also issued estimates for MAG Silver's FY2026 earnings at $1.78 EPS.

Several other equities research analysts have also recently weighed in on MAG. HC Wainwright boosted their price target on shares of MAG Silver from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Monday, August 5th. Scotiabank upped their target price on shares of MAG Silver from $14.50 to $15.50 and gave the company a "sector outperform" rating in a research report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $18.00.

MAG Silver Stock Down 0.2 %

MAG stock traded down $0.03 during mid-day trading on Wednesday, hitting $17.80. The company had a trading volume of 984,227 shares, compared to its average volume of 722,414. MAG Silver has a 12-month low of $8.19 and a 12-month high of $18.01. The stock has a market cap of $1.84 billion, a P/E ratio of 30.14 and a beta of 1.15.

MAG Silver (NYSEAMERICAN:MAG - Get Free Report) last issued its earnings results on Friday, August 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02.

Institutional Trading of MAG Silver

Several institutional investors and hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp raised its holdings in MAG Silver by 7.5% in the first quarter. Van ECK Associates Corp now owns 9,981,600 shares of the company's stock worth $105,603,000 after purchasing an additional 696,140 shares in the last quarter. Jupiter Asset Management Ltd. grew its stake in MAG Silver by 6.5% during the 1st quarter. Jupiter Asset Management Ltd. now owns 2,517,445 shares of the company's stock worth $26,584,000 after buying an additional 153,274 shares during the last quarter. Tidal Investments LLC acquired a new position in MAG Silver during the 1st quarter valued at about $22,518,000. Azarias Capital Management L.P. raised its stake in MAG Silver by 73.7% in the first quarter. Azarias Capital Management L.P. now owns 1,405,136 shares of the company's stock valued at $14,866,000 after buying an additional 596,283 shares during the last quarter. Finally, TD Asset Management Inc boosted its holdings in MAG Silver by 118.3% in the second quarter. TD Asset Management Inc now owns 1,063,055 shares of the company's stock worth $12,415,000 after acquiring an additional 576,156 shares in the last quarter. 52.50% of the stock is currently owned by institutional investors.

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.