FY2025 EPS Estimates for MAG Silver Lowered by Raymond James

MAG Silver Corp. (NYSEAMERICAN:MAG) – Raymond James cut their FY2025 earnings per share (EPS) estimates for MAG Silver in a research note issued to investors on Monday, March 24th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.93 per share for the year, down from their previous estimate of $0.94. The consensus estimate for MAG Silver’s current full-year earnings is $0.73 per share.

Other equities research analysts also recently issued reports about the stock. HC Wainwright lifted their price target on shares of MAG Silver from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday. Roth Mkm dropped their price target on MAG Silver from $16.50 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, TD Securities upgraded MAG Silver to a “strong-buy” rating in a report on Monday, March 10th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, MAG Silver presently has an average rating of “Moderate Buy” and an average price target of $18.50.

MAG Silver Stock Down 1.7 %

NYSEAMERICAN:MAG opened at $16.48 on Wednesday. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 23.21 and a beta of 1.09. MAG Silver has a twelve month low of $8.97 and a twelve month high of $18.27. The company has a fifty day moving average of $15.58.

Institutional Investors Weigh In On MAG Silver

Institutional investors have recently bought and sold shares of the stock. Pekin Hardy Strauss Inc. bought a new stake in MAG Silver in the 3rd quarter worth about $140,000. The Manufacturers Life Insurance Company boosted its stake in shares of MAG Silver by 199.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 382,027 shares of the company’s stock worth $5,374,000 after buying an additional 254,553 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of MAG Silver in the third quarter valued at approximately $52,000. Verition Fund Management LLC purchased a new stake in shares of MAG Silver during the third quarter valued at approximately $168,000. Finally, National Bank of Canada FI lifted its holdings in MAG Silver by 12.0% during the third quarter. National Bank of Canada FI now owns 225,802 shares of the company’s stock worth $3,171,000 after acquiring an additional 24,185 shares during the period. Institutional investors own 52.50% of the company’s stock.

MAG Silver Announces Dividend

The firm also recently declared a — dividend, which will be paid on Monday, April 21st. Investors of record on Friday, April 4th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a yield of 1.5%.

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.