FY2024 EPS Estimates for MAG Silver Raised by Raymond James

MAG Silver Corp. (NYSEAMERICAN:MAG) – Analysts at Raymond James increased their FY2024 EPS estimates for shares of MAG Silver in a report released on Thursday, January 30th. Raymond James analyst B. Macarthur now expects that the company will post earnings of $0.84 per share for the year, up from their prior estimate of $0.75. The consensus estimate for MAG Silver’s current full-year earnings is $0.75 per share. Raymond James also issued estimates for MAG Silver’s FY2025 earnings at $0.94 EPS.

MAG has been the subject of a number of other research reports. HC Wainwright increased their price objective on shares of MAG Silver from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. StockNews.com upgraded shares of MAG Silver from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Roth Capital lowered shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Roth Mkm lowered shares of MAG Silver from a “buy” rating to a “neutral” rating and upped their target price for the stock from $17.00 to $17.50 in a report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, MAG Silver has a consensus rating of “Hold” and an average target price of $18.63.

MAG Silver Stock Up 0.9 %

Shares of MAG Silver stock opened at $15.94 on Monday. MAG Silver has a 1-year low of $8.19 and a 1-year high of $18.27. The firm has a market capitalization of $1.65 billion, a PE ratio of 22.45 and a beta of 1.09.

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

Hedge Funds Weigh In On MAG Silver

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