National Bank Financial Predicts MAG Silver Q3 Earnings

MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) - Research analysts at National Bank Financial issued their Q3 2024 earnings estimates for shares of MAG Silver in a report released on Tuesday, October 22nd. National Bank Financial analyst D. Demarco anticipates that the company will post earnings of $0.21 per share for the quarter. The consensus estimate for MAG Silver's current full-year earnings is $0.69 per share.

MAG Silver (NYSEAMERICAN:MAG - Get Free Report) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02.

A number of other equities analysts have also weighed in on MAG. Roth Mkm lowered shares of MAG Silver from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $17.00 to $17.50 in a report on Thursday. StockNews.com upgraded MAG Silver from a "sell" rating to a "hold" rating in a report on Thursday. HC Wainwright upped their target price on shares of MAG Silver from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Monday, August 5th. Finally, Scotiabank lifted their price target on shares of MAG Silver from $14.50 to $15.50 and gave the stock a "sector outperform" rating in a research note on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $17.88.

MAG Silver Trading Up 0.3 %

Shares of NYSEAMERICAN MAG traded up $0.05 during trading on Thursday, reaching $17.85. The company had a trading volume of 941,845 shares, compared to its average volume of 723,508. The stock has a market cap of $1.84 billion, a P/E ratio of 30.78 and a beta of 1.15. MAG Silver has a 12-month low of $8.19 and a 12-month high of $18.01.

Institutional Investors Weigh In On MAG Silver

Institutional investors have recently bought and sold shares of the business. Perritt Capital Management Inc. purchased a new stake in MAG Silver during the 1st quarter valued at approximately $26,000. Addenda Capital Inc. purchased a new stake in MAG Silver in the 2nd quarter worth $123,000. International Assets Investment Management LLC bought a new position in shares of MAG Silver during the 3rd quarter valued at about $148,000. Susquehanna Fundamental Investments LLC bought a new position in shares of MAG Silver during the 2nd quarter valued at about $161,000. Finally, Veracity Capital LLC grew its position in shares of MAG Silver by 16.8% during the third quarter. Veracity Capital LLC now owns 16,653 shares of the company's stock valued at $234,000 after purchasing an additional 2,396 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.