Cormark Has Bearish Forecast for MAG Silver FY2025 Earnings

MAG Silver Corp. (NYSEAMERICAN:MAG) – Analysts at Cormark decreased their FY2025 earnings per share estimates for MAG Silver in a research report issued on Tuesday, March 25th. Cormark analyst N. Dion now expects that the company will earn $0.67 per share for the year, down from their prior forecast of $0.77. The consensus estimate for MAG Silver’s current full-year earnings is $0.73 per share.

A number of other equities research analysts have also issued reports on the company. TD Securities raised MAG Silver to a “strong-buy” rating in a research report on Monday, March 10th. HC Wainwright raised their target price on shares of MAG Silver from $21.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday. Roth Mkm lowered their price target on shares of MAG Silver from $16.50 to $16.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Roth Capital set a $16.00 price objective on shares of MAG Silver in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued 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 an average price target of $18.00.

MAG Silver Stock Down 2.8 %

Shares of MAG stock opened at $16.02 on Thursday. The firm has a market capitalization of $1.66 billion, a PE ratio of 22.56 and a beta of 1.09. MAG Silver has a fifty-two week low of $9.11 and a fifty-two week high of $18.27. The company has a 50 day simple moving average of $15.62.

Institutional Investors Weigh In On MAG Silver

Several institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC lifted its holdings in shares of MAG Silver by 211.5% during 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. increased its position in MAG Silver by 21.3% during the fourth quarter. Intact Investment Management Inc. now owns 307,433 shares of the company’s stock worth $4,176,000 after purchasing an additional 54,033 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in MAG Silver during the fourth quarter worth approximately $240,000. JPMorgan Chase & Co. boosted its holdings in shares of MAG Silver by 69.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 456,335 shares of the company’s stock valued at $6,407,000 after purchasing an additional 186,445 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of MAG Silver by 56.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 278,000 shares of the company’s stock valued at $3,781,000 after buying an additional 100,500 shares during the period. 52.50% of the stock is currently owned by hedge funds and other institutional investors.

MAG Silver Dividend Announcement

The company 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. This represents a yield of 1.5%. The ex-dividend date is Friday, April 4th.

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.