Q4 Earnings Estimate for MAG Silver Issued By Cormark

MAG Silver Corp. (NYSEAMERICAN:MAG) – Investment analysts at Cormark issued their Q4 2024 earnings per share (EPS) estimates for MAG Silver in a research report issued to clients and investors on Thursday, January 30th. Cormark analyst N. Dion anticipates that the company will earn $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.

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.

MAG has been the subject of a number of other reports. HC Wainwright raised their price objective on MAG Silver from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday. Roth Capital downgraded MAG Silver from a “strong-buy” 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 company from $17.00 to $17.50 in a report on Thursday, October 24th. Finally, StockNews.com upgraded shares of MAG Silver from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $18.63.

MAG Silver Price Performance

Shares of NYSEAMERICAN MAG opened at $16.28 on Friday. The company has a market cap of $1.68 billion, a PE ratio of 22.93 and a beta of 1.08. MAG Silver has a 1 year low of $8.19 and a 1 year high of $18.27.

Institutional Trading of MAG Silver

Large investors have recently bought and sold shares of the stock. Capital Performance Advisors LLP acquired a new stake in MAG Silver during the 3rd quarter valued at $28,000. Veracity Capital LLC lifted its position in MAG Silver by 16.8% during the 3rd 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 during the period. Quantbot Technologies LP bought a new position in shares of MAG Silver in the 3rd quarter valued at about $52,000. DF Dent & Co. Inc. acquired a new stake in shares of MAG Silver during the 3rd quarter worth approximately $140,000. Finally, Pekin Hardy Strauss Inc. bought a new stake in shares of MAG Silver during the third quarter worth approximately $140,000. 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.