What is Cormark’s Forecast for MAG Silver Q4 Earnings?

MAG Silver Corp. (NYSEAMERICAN:MAG) – Analysts at Cormark issued their Q4 2024 earnings per share estimates for MAG Silver in a report released on Thursday, January 30th. Cormark analyst N. Dion anticipates that the company will post earnings of $0.18 per share for the quarter. The consensus estimate for MAG Silver’s current full-year earnings is $0.74 per share. Cormark also issued estimates for MAG Silver’s FY2025 earnings at $0.77 EPS.

A number of other analysts also recently issued reports on MAG. StockNews.com upgraded shares of MAG Silver from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Roth Mkm cut MAG Silver from a “buy” rating to a “neutral” rating and raised their target price for the stock from $17.00 to $17.50 in a research note on Thursday, October 24th. Roth Capital lowered MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, HC Wainwright increased their price target on MAG Silver from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $18.63.

MAG Silver Trading Down 2.9 %

Shares of MAG stock opened at $15.80 on Friday. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 22.25 and a beta of 1.08. MAG Silver has a 12 month low of $8.19 and a 12 month high of $18.27.

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

Hedge Funds Weigh In On MAG Silver

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. CIBC Asset Management Inc increased its stake in MAG Silver by 0.7% during the fourth quarter. CIBC Asset Management Inc now owns 114,355 shares of the company’s stock worth $1,550,000 after purchasing an additional 755 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of MAG Silver in the third quarter valued at approximately $28,000. Veracity Capital LLC grew its holdings in shares of MAG Silver by 16.8% in the third quarter. Veracity Capital LLC now owns 16,653 shares of the company’s stock valued at $234,000 after purchasing an additional 2,396 shares in the last quarter. Quantbot Technologies LP purchased a new stake in MAG Silver during the 3rd quarter worth approximately $52,000. Finally, DF Dent & Co. Inc. acquired a new stake in MAG Silver during the 3rd quarter worth approximately $140,000. 52.50% of the stock is currently owned by hedge funds and other 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.