Brokers Issue Forecasts for MAG Silver Corp.’s FY2025 Earnings (NYSEAMERICAN:MAG)

MAG Silver Corp. (NYSEAMERICAN:MAG) – Roth Capital issued their FY2025 EPS estimates for MAG Silver in a report issued on Wednesday, April 24th. Roth Capital analyst J. Reagor expects that the company will post earnings per share of $0.49 for the year. The consensus estimate for MAG Silver’s current full-year earnings is $0.50 per share.

MAG Silver (NYSEAMERICAN:MAG) last released its earnings results on Tuesday, March 19th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01.

Several other research firms have also commented on MAG. Stifel Nicolaus decreased their target price on shares of MAG Silver from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, March 20th. Scotiabank raised shares of MAG Silver from a “sector perform” rating to a “sector outperform” rating and decreased their target price for the company from $15.00 to $13.50 in a report on Thursday, March 28th. StockNews.com raised shares of MAG Silver to a “sell” rating in a report on Wednesday, March 27th. Finally, HC Wainwright reduced their price target on shares of MAG Silver from $19.50 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

MAG Silver Stock Performance

MAG stock opened at $12.10 on Thursday. MAG Silver has a 12 month low of $8.19 and a 12 month high of $13.62. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 25.73 and a beta of 1.15.

Institutional Investors Weigh In On MAG Silver

Hedge funds have recently made changes to their positions in the stock. Banque Cantonale Vaudoise boosted its position in MAG Silver by 8.6% during the 1st quarter. Banque Cantonale Vaudoise now owns 11,012 shares of the company’s stock worth $116,000 after buying an additional 876 shares during the period. Crown Wealth Group LLC acquired a new stake in MAG Silver during the 4th quarter worth approximately $118,000. Quadrature Capital Ltd acquired a new stake in MAG Silver during the 3rd quarter worth approximately $127,000. Privium Fund Management B.V. boosted its position in MAG Silver by 44.9% during the 3rd quarter. Privium Fund Management B.V. now owns 15,500 shares of the company’s stock worth $161,000 after buying an additional 4,800 shares during the period. Finally, Veracity Capital LLC boosted its position in MAG Silver by 50.0% during the 4th quarter. Veracity Capital LLC now owns 16,654 shares of the company’s stock worth $173,000 after buying an additional 5,551 shares during the period. 52.50% of the stock is currently owned by institutional investors and hedge funds.

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.