What is Roth Capital's Forecast for MAG Silver Q4 Earnings?

MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) - Equities researchers at Roth Capital lifted their Q4 2024 earnings per share estimates for shares of MAG Silver in a note issued to investors on Thursday, January 30th. Roth Capital analyst J. Reagor now expects that the company will post earnings per share of $0.26 for the quarter, up from their previous forecast of $0.24. Roth Capital has a "Hold" rating on the stock. The consensus estimate for MAG Silver's current full-year earnings is $0.75 per share. Roth Capital also issued estimates for MAG Silver's Q2 2025 earnings at $0.18 EPS, Q3 2025 earnings at $0.18 EPS and FY2025 earnings at $0.69 EPS.

MAG Silver (NYSEAMERICAN:MAG - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.02.

Several other research analysts have also issued reports on the stock. StockNews.com upgraded shares of MAG Silver from a "sell" rating to a "hold" rating in a research note on Thursday, October 24th. Roth Mkm downgraded shares of MAG Silver from a "buy" rating to a "neutral" rating and raised their target price for the company from $17.00 to $17.50 in a research note on Thursday, October 24th. Finally, HC Wainwright boosted their price target on MAG Silver from $20.00 to $21.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $18.63.

MAG Silver Price Performance

Shares of NYSEAMERICAN MAG traded up $0.16 during midday trading on Friday, hitting $16.10. 472,786 shares of the company traded hands, compared to its average volume of 483,305. The stock has a market capitalization of $1.66 billion, a P/E ratio of 22.68 and a beta of 1.09. MAG Silver has a 12-month low of $8.19 and a 12-month high of $18.27.

Hedge Funds Weigh In On MAG Silver

A number of large investors have recently bought and sold shares of the business. Mackenzie Financial Corp boosted its holdings in MAG Silver by 310.5% in the second quarter. Mackenzie Financial Corp now owns 190,385 shares of the company's stock valued at $2,224,000 after purchasing an additional 144,007 shares during the last quarter. Barclays PLC lifted its stake in shares of MAG Silver by 211.5% in the third quarter. Barclays PLC now owns 30,780 shares of the company's stock worth $432,000 after buying an additional 20,899 shares in the last quarter. Van ECK Associates Corp grew its position in shares of MAG Silver by 4.8% in the third quarter. Van ECK Associates Corp now owns 10,231,410 shares of the company's stock valued at $143,649,000 after purchasing an additional 467,817 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of MAG Silver by 69.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 456,335 shares of the company's stock worth $6,407,000 after acquiring an additional 186,445 shares during the period. Finally, PCJ Investment Counsel Ltd. grew its stake in shares of MAG Silver by 38.1% in the 3rd quarter. PCJ Investment Counsel Ltd. now owns 369,290 shares of the company's stock valued at $5,196,000 after buying an additional 101,870 shares during the period. Institutional investors own 52.50% of the company's stock.

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.