Cormark Has Positive Outlook of MAG Silver FY2025 Earnings

MAG Silver Corp. (NYSEAMERICAN:MAG) – Analysts at Cormark boosted their FY2025 earnings per share estimates for shares of MAG Silver in a research note issued to investors on Thursday, April 24th. Cormark analyst N. Dion now forecasts that the company will post earnings per share of $0.74 for the year, up from their prior estimate of $0.67. The consensus estimate for MAG Silver’s current full-year earnings is $0.73 per share.

MAG has been the topic of several other research reports. HC Wainwright reissued a “buy” rating and set a $22.00 price objective on shares of MAG Silver in a research note on Thursday, April 24th. StockNews.com raised MAG Silver from a “sell” rating to a “hold” rating in a research note on Monday, March 31st. Scotiabank reaffirmed a “sector perform” rating on shares of MAG Silver in a research report on Monday, April 14th. TD Securities upgraded MAG Silver to a “strong-buy” rating in a research report on Monday, March 10th. Finally, Roth Mkm lowered their price target on MAG Silver from $16.50 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, March 25th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, MAG Silver presently has an average rating of “Moderate Buy” and a consensus price target of $18.60.

MAG Silver Trading Down 1.6 %

NYSEAMERICAN:MAG opened at $15.42 on Monday. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 21.72 and a beta of 1.09. MAG Silver has a 12-month low of $11.29 and a 12-month high of $18.27. The company’s 50-day moving average is $15.42 and its two-hundred day moving average is $15.27.

MAG Silver Announces Dividend

The company also recently declared a — dividend, which was paid on Monday, April 21st. Shareholders of record on Friday, April 4th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a yield of 1.5%. MAG Silver’s dividend payout ratio is presently 101.41%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MAG. Swiss National Bank boosted its position in shares of MAG Silver by 0.6% in the fourth quarter. Swiss National Bank now owns 193,900 shares of the company’s stock worth $2,633,000 after buying an additional 1,200 shares during the period. Barclays PLC boosted its holdings in MAG Silver by 211.5% in the 3rd quarter. Barclays PLC now owns 30,780 shares of the company’s stock worth $432,000 after acquiring an additional 20,899 shares during the period. Intact Investment Management Inc. grew its position in MAG Silver by 21.3% in the fourth quarter. Intact Investment Management Inc. now owns 307,433 shares of the company’s stock valued at $4,176,000 after acquiring an additional 54,033 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of MAG Silver during the fourth quarter valued at approximately $3,482,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of MAG Silver during the fourth quarter worth $240,000. Hedge funds and other 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.