Roth Capital Has Positive Outlook for MAG Silver Q4 Earnings

MAG Silver Corp. (NYSEAMERICAN:MAG) – Analysts at Roth Capital increased their Q4 2024 earnings per share (EPS) estimates for MAG Silver in a report released on Thursday, January 30th. Roth Capital analyst J. Reagor now forecasts that the company will earn $0.26 per share for the quarter, up from their prior forecast of $0.24. Roth Capital has a “Hold” rating on the stock. The consensus estimate for MAG Silver’s current full-year earnings is $0.74 per share. Roth Capital also issued estimates for MAG Silver’s Q2 2025 earnings at $0.18 EPS, Q3 2025 earnings at $0.18 EPS and FY2025 earnings at $0.69 EPS.

Several other analysts have also recently commented on the company. StockNews.com upgraded MAG Silver from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. HC Wainwright boosted their target price on shares of MAG Silver from $20.00 to $21.00 and gave the company a “buy” rating in a report on Thursday. Finally, Roth Mkm cut MAG Silver from a “buy” rating to a “neutral” rating and lifted their target price for the company from $17.00 to $17.50 in a report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.63.

MAG Silver Stock Performance

MAG stock opened at $16.28 on Friday. The firm has a market cap of $1.68 billion, a PE ratio of 21.48 and a beta of 1.08. MAG Silver has a 52-week low of $8.19 and a 52-week high of $18.27.

MAG Silver (NYSEAMERICAN:MAG) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02.

Institutional Investors Weigh In On MAG Silver

Several hedge funds have recently modified their holdings of the stock. Strategic Financial Concepts LLC purchased a new position in MAG Silver in the 4th quarter worth approximately $240,000. Allspring Global Investments Holdings LLC lifted its position in shares of MAG Silver by 56.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 278,000 shares of the company’s stock worth $3,781,000 after purchasing an additional 100,500 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of MAG Silver by 69.1% during the third quarter. JPMorgan Chase & Co. now owns 456,335 shares of the company’s stock worth $6,407,000 after purchasing an additional 186,445 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of MAG Silver by 3.6% in the third quarter. Tidal Investments LLC now owns 2,810,051 shares of the company’s stock valued at $39,453,000 after purchasing an additional 98,312 shares during the period. Finally, Barclays PLC grew its holdings in MAG Silver by 211.5% during the 3rd quarter. Barclays PLC now owns 30,780 shares of the company’s stock valued at $432,000 after purchasing an additional 20,899 shares in the last quarter. 52.50% of the stock is currently owned by hedge funds and other institutional investors.

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.