Q4 Earnings Forecast for MAG Silver Issued By Raymond James

MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) - Equities research analysts at Raymond James lifted their Q4 2024 earnings per share estimates for shares of MAG Silver in a note issued to investors on Thursday, January 30th. Raymond James analyst B. Macarthur now expects that the company will post earnings of $0.27 per share for the quarter, up from their previous estimate of $0.18. The consensus estimate for MAG Silver's current full-year earnings is $0.75 per share. Raymond James also issued estimates for MAG Silver's Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.24 EPS, Q3 2025 earnings at $0.24 EPS and Q4 2025 earnings at $0.23 EPS.

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

MAG has been the subject of several other reports. 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. StockNews.com raised MAG Silver from a "sell" rating to a "hold" rating in a report on Thursday, October 24th. Roth Mkm cut 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 report on Thursday, October 24th. Finally, Roth Capital lowered 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, MAG Silver presently has a consensus rating of "Hold" and an average target price of $18.63.

MAG Silver Trading Up 1.0 %

MAG Silver stock traded up $0.16 during mid-day trading on Friday, reaching $16.10. 472,786 shares of the company traded hands, compared to its average volume of 483,305. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 22.68 and a beta of 1.09. MAG Silver has a fifty-two week low of $8.19 and a fifty-two week high of $18.27.

Hedge Funds Weigh In On MAG Silver

Large investors have recently modified their holdings of the business. CIBC Asset Management Inc boosted its position in shares of MAG Silver by 0.7% during the fourth quarter. CIBC Asset Management Inc now owns 114,355 shares of the company's stock worth $1,550,000 after buying an additional 755 shares during the period. Strategic Financial Concepts LLC acquired a new position in MAG Silver during the 4th quarter worth about $240,000. Allspring Global Investments Holdings LLC lifted its stake in MAG Silver by 56.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 278,000 shares of the company's stock worth $3,781,000 after acquiring an additional 100,500 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in 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 in the last quarter. Finally, Tidal Investments LLC lifted its stake in MAG Silver by 3.6% during the 3rd quarter. Tidal Investments LLC now owns 2,810,051 shares of the company's stock worth $39,453,000 after acquiring an additional 98,312 shares in the last quarter. Institutional investors and hedge funds 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.