HC Wainwright Forecasts Stronger Earnings for MAG Silver

MAG Silver Corp. (NYSEAMERICAN:MAG) – HC Wainwright upped their FY2025 EPS estimates for shares of MAG Silver in a research note issued to investors on Tuesday, March 25th. HC Wainwright analyst H. Ihle now expects that the company will post earnings per share of $1.01 for the year, up from their previous estimate 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.

MAG has been the subject of a number of other reports. Roth Mkm lowered their price objective on shares of MAG Silver from $16.50 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday. TD Securities upgraded shares of MAG Silver to a “strong-buy” rating in a report on Monday, March 10th. Finally, Roth Capital set a $16.00 price objective on MAG Silver in a report on Tuesday. Four investment 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

MAG Silver Stock Performance

Shares of NYSEAMERICAN MAG opened at $16.02 on Thursday. The firm has a market capitalization of $1.66 billion, a P/E ratio of 22.56 and a beta of 1.09. MAG Silver has a 12 month low of $9.11 and a 12 month high of $18.27. The business’s 50-day simple moving average is $15.62.

MAG Silver Dividend Announcement

The firm also recently disclosed 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 dividend yield of 1.5%.

Institutional Investors Weigh In On MAG Silver

A number of institutional investors have recently made changes to their positions in the stock. First Eagle Investment Management LLC increased its position in shares of MAG Silver by 46.4% during the fourth quarter. First Eagle Investment Management LLC now owns 7,839,793 shares of the company’s stock worth $106,379,000 after buying an additional 2,486,538 shares during the period. Tidal Investments LLC raised its position in shares of MAG Silver by 3.6% in 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. Sprott Inc. raised its position in shares of MAG Silver by 8.5% in the 4th quarter. Sprott Inc. now owns 2,649,507 shares of the company’s stock worth $36,004,000 after acquiring an additional 208,252 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of MAG Silver by 6.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,161,605 shares of the company’s stock valued at $15,762,000 after purchasing an additional 73,205 shares in the last quarter. Finally, Millennium Management LLC grew its stake in MAG Silver by 3,324.7% during the fourth quarter. Millennium Management LLC now owns 886,203 shares of the company’s stock worth $12,052,000 after purchasing an additional 860,326 shares during the period. Institutional investors own 52.50% of the company’s stock.

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.