Raymond James Brokers Lift Earnings Estimates for MAG Silver

MAG Silver Corp. (NYSEAMERICAN:MAG) – Analysts at Raymond James increased their Q4 2024 earnings per share estimates for shares of MAG Silver in a note issued to investors on Thursday, January 30th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.27 per share for the quarter, up from their prior forecast of $0.18. The consensus estimate for MAG Silver’s current full-year earnings is $0.74 per share. Raymond James also issued estimates for MAG Silver’s Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.24 EPS, Q3 2025 earnings at $0.24 EPS and Q4 2025 earnings at $0.23 EPS.

Several other research firms have also recently weighed in on MAG. HC Wainwright lifted their price objective on MAG Silver from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday. StockNews.com raised shares of MAG Silver from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Roth Mkm cut shares of MAG Silver from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $17.00 to $17.50 in a report on Thursday, October 24th. Finally, Roth Capital downgraded MAG Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, MAG Silver presently has a consensus rating of “Hold” and an average target price of $18.63.

MAG Silver Stock Performance

MAG opened at $15.80 on Friday. MAG Silver has a 52-week low of $8.19 and a 52-week high of $18.27. The company has a market cap of $1.63 billion, a PE ratio of 22.25 and a beta of 1.08.

MAG Silver (NYSEAMERICAN:MAG) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.20 by $0.02.

Institutional Trading of MAG Silver

Several institutional investors and hedge funds have recently modified their holdings of MAG. Capital Performance Advisors LLP bought a new stake in MAG Silver in the third quarter worth $28,000. Quantbot Technologies LP purchased a new stake in shares of MAG Silver in the third quarter valued at $52,000. DF Dent & Co. Inc. bought a new stake in shares of MAG Silver in the 3rd quarter worth about $140,000. Pekin Hardy Strauss Inc. purchased a new position in shares of MAG Silver during the 3rd quarter worth about $140,000. Finally, International Assets Investment Management LLC bought a new position in MAG Silver during the 3rd quarter valued at about $148,000. 52.50% of the stock is currently owned by institutional investors.

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.