Q4 Earnings Estimate for MAG Silver Issued By Raymond James

MAG Silver Corp. (NYSEAMERICAN:MAG) – Investment analysts at Raymond James boosted their Q4 2024 earnings estimates for shares of MAG Silver in a research report issued to clients and investors on Thursday, January 30th. Raymond James analyst B. Macarthur now expects that the company will post earnings of $0.27 per share for the quarter, up from their prior estimate 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.

MAG Silver (NYSEAMERICAN:MAG) last released its 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.

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

MAG Silver Trading Down 2.9 %

MAG opened at $15.80 on Friday. The stock has a market capitalization of $1.63 billion, a PE ratio of 22.25 and a beta of 1.08. MAG Silver has a one year low of $8.19 and a one year high of $18.27.

Hedge Funds Weigh In On MAG Silver

Several hedge funds have recently added to or reduced their stakes in MAG. Van ECK Associates Corp raised its stake in MAG Silver by 4.8% in the 3rd quarter. Van ECK Associates Corp now owns 10,231,410 shares of the company’s stock valued at $143,649,000 after purchasing an additional 467,817 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in MAG Silver by 199.7% in the third quarter. The Manufacturers Life Insurance Company now owns 382,027 shares of the company’s stock valued at $5,374,000 after purchasing an additional 254,553 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in MAG Silver by 69.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 456,335 shares of the company’s stock valued at $6,407,000 after buying an additional 186,445 shares during the period. Mackenzie Financial Corp increased its stake in shares of MAG Silver by 310.5% during the 2nd quarter. Mackenzie Financial Corp now owns 190,385 shares of the company’s stock valued at $2,224,000 after acquiring an additional 144,007 shares during the last quarter. Finally, PCJ Investment Counsel Ltd. boosted its position in shares of MAG Silver by 38.1% in the third quarter. PCJ Investment Counsel Ltd. now owns 369,290 shares of the company’s stock worth $5,196,000 after acquiring an additional 101,870 shares during the last quarter. 52.50% of the stock is currently owned by hedge funds and other 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.