Cormark Has Optimistic Outlook of MAG Silver FY2025 Earnings

MAG Silver Corp. (NYSEAMERICAN:MAG) – Research analysts at Cormark raised their FY2025 EPS estimates for MAG Silver in a report released on Thursday, April 24th. Cormark analyst N. Dion now expects that the company will post earnings per share of $0.74 for the year, up from their previous forecast of $0.67. The consensus estimate for MAG Silver’s current full-year earnings is $0.73 per share.

MAG has been the subject of several other reports. Scotiabank reissued a “sector perform” rating on shares of MAG Silver in a report on Monday, April 14th. Roth Mkm decreased their price objective on MAG Silver from $16.50 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, March 25th. HC Wainwright reaffirmed a “buy” rating and issued a $22.00 target price on shares of MAG Silver in a report on Thursday, April 24th. Roth Capital set a $16.00 price target on shares of MAG Silver in a research note on Tuesday, March 25th. Finally, Raymond James restated an “outperform” rating on shares of MAG Silver in a research note on Tuesday, March 25th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.60.

MAG Silver Stock Down 1.6 %

Shares of MAG opened at $15.42 on Monday. MAG Silver has a 52-week low of $11.29 and a 52-week high of $18.27. The stock has a 50 day moving average price of $15.42 and a 200 day moving average price of $15.27. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 21.72 and a beta of 1.09.

Hedge Funds Weigh In On MAG Silver

Large investors have recently made changes to their positions in the stock. Aigen Investment Management LP purchased a new stake in MAG Silver during the fourth quarter worth $156,000. D. E. Shaw & Co. Inc. purchased a new stake in shares of MAG Silver in the 4th quarter worth about $156,000. D.A. Davidson & CO. acquired a new stake in MAG Silver in the 1st quarter valued at about $167,000. Susquehanna Fundamental Investments LLC purchased a new position in MAG Silver during the 4th quarter valued at about $188,000. Finally, Tradition Wealth Management LLC acquired a new position in MAG Silver during the fourth quarter worth about $222,000. Hedge funds and other institutional investors own 52.50% of the company’s stock.

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. The ex-dividend date was Friday, April 4th. This represents a dividend yield of 1.5%. MAG Silver’s dividend payout ratio (DPR) is presently 101.41%.

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.