What is Cormark's Forecast for MAG Silver FY2025 Earnings?

MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) - Analysts at Cormark increased their FY2025 earnings per share estimates for MAG Silver in a report issued on Thursday, April 24th. Cormark analyst N. Dion now forecasts that the company will post earnings of $0.74 per share for the year, up from their previous estimate of $0.67. The consensus estimate for MAG Silver's current full-year earnings is $0.73 per share.

Other equities research analysts also recently issued research reports about the company. Scotiabank reaffirmed a "sector perform" rating on shares of MAG Silver in a research report on Monday, April 14th. Roth Mkm lowered their price objective on MAG Silver from $16.50 to $16.00 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. Raymond James reaffirmed an "outperform" rating on shares of MAG Silver in a research report on Tuesday, March 25th. StockNews.com raised MAG Silver from a "sell" rating to a "hold" rating in a research report on Monday, March 31st. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $22.00 price objective on shares of MAG Silver in a research report on Thursday. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $18.60.

MAG Silver Stock Performance

MAG Silver stock opened at $15.48 on Monday. The stock has a fifty day moving average of $15.48 and a two-hundred day moving average of $15.27. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 21.80 and a beta of 1.09. MAG Silver has a fifty-two week low of $11.29 and a fifty-two week high of $18.27.

MAG Silver Announces Dividend

The firm also recently declared a -- dividend, which was paid on Monday, April 21st. Investors of record on Friday, April 4th were paid a $0.18 dividend. This represents a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, April 4th. MAG Silver's dividend payout ratio (DPR) is 101.41%.

Institutional Investors Weigh In On MAG Silver

Institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Asset Management Inc raised its position in shares of MAG Silver by 0.7% during the 4th quarter. CIBC Asset Management Inc now owns 114,355 shares of the company's stock worth $1,550,000 after purchasing an additional 755 shares during the period. Swiss National Bank increased its position in MAG Silver by 0.6% in the fourth quarter. Swiss National Bank now owns 193,900 shares of the company's stock worth $2,633,000 after buying an additional 1,200 shares during the period. Geode Capital Management LLC lifted its stake in MAG Silver by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 50,088 shares of the company's stock valued at $687,000 after buying an additional 1,245 shares during the last quarter. Veracity Capital LLC boosted its holdings in shares of MAG Silver by 8.1% during the first quarter. Veracity Capital LLC now owns 18,611 shares of the company's stock valued at $284,000 after acquiring an additional 1,401 shares during the period. Finally, Bank of America Corp DE grew its position in shares of MAG Silver by 5.1% during the fourth quarter. Bank of America Corp DE now owns 49,779 shares of the company's stock worth $677,000 after acquiring an additional 2,399 shares during the last quarter. 52.50% of the stock is owned by institutional investors and hedge funds.

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.

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