HC Wainwright Brokers Lift Earnings Estimates for MAG Silver

MAG Silver Corp. (NYSEAMERICAN:MAG) – Investment analysts at HC Wainwright lifted their FY2025 earnings estimates for shares of MAG Silver in a research note issued to investors on Tuesday, March 25th. HC Wainwright analyst H. Ihle now anticipates that the company will earn $1.01 per share for the year, up from their prior forecast of $0.82. HC Wainwright currently has a “Buy” rating and a $22.00 price target on the stock. The consensus estimate for MAG Silver’s current full-year earnings is $0.73 per share.

A number of other analysts have also commented on the stock. Roth Mkm cut their price objective on shares of MAG Silver from $16.50 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday. Roth Capital set a $16.00 price target on shares of MAG Silver in a research note on Tuesday. Finally, TD Securities upgraded shares of MAG Silver to a “strong-buy” rating in a research note on Monday, March 10th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, MAG Silver currently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

MAG Silver Trading Down 2.8 %

NYSEAMERICAN:MAG opened at $16.02 on Thursday. The firm has a market cap of $1.66 billion, a P/E ratio of 22.56 and a beta of 1.09. MAG Silver has a twelve month low of $9.11 and a twelve month high of $18.27. The business’s 50 day moving average price is $15.62.

MAG Silver Dividend Announcement

The company also recently announced a — dividend, which will be paid on Monday, April 21st. Investors of record on Friday, April 4th will be paid a $0.18 dividend. The ex-dividend date is Friday, April 4th. This represents a yield of 1.5%.

Institutional Trading of MAG Silver

A number of hedge funds have recently made changes to their positions in MAG. PKO Investment Management Joint Stock Co bought a new position in MAG Silver during the 4th quarter worth $651,000. Integrated Advisors Network LLC boosted its holdings in MAG Silver by 38.7% in the 4th quarter. Integrated Advisors Network LLC now owns 61,250 shares of the company’s stock valued at $833,000 after purchasing an additional 17,100 shares during the period. Two Sigma Investments LP bought a new position in shares of MAG Silver during the fourth quarter worth approximately $401,000. Millennium Management LLC raised its position in shares of MAG Silver by 3,324.7% in the fourth quarter. Millennium Management LLC now owns 886,203 shares of the company’s stock valued at $12,052,000 after buying an additional 860,326 shares in the last quarter. Finally, Eschler Asset Management LLP boosted its stake in shares of MAG Silver by 83.3% in the fourth quarter. Eschler Asset Management LLP now owns 55,000 shares of the company’s stock valued at $748,000 after buying an additional 25,000 shares during the period. 52.50% of the stock is 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.