MAG Silver Corp. (NYSEAMERICAN:MAG – Free Report) – Cormark issued their FY2026 earnings per share estimates for MAG Silver in a report released on Tuesday, March 25th. Cormark analyst N. Dion expects that the company will post earnings of $0.62 per share for the year. The consensus estimate for MAG Silver’s current full-year earnings is $0.73 per share.
Several other research firms also recently weighed in on MAG. Roth Mkm decreased their price target on shares of MAG Silver from $16.50 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday. HC Wainwright raised their target price on shares of MAG Silver from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday. TD Securities upgraded MAG Silver to a “strong-buy” rating in a research report on Monday, March 10th. Finally, Roth Capital set a $16.00 price objective on MAG Silver in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, MAG Silver has an average rating of “Moderate Buy” and an average target price of $18.00.
MAG Silver Stock Performance
Shares of MAG opened at $16.63 on Wednesday. MAG Silver has a 52-week low of $9.90 and a 52-week high of $18.27. The firm has a market cap of $1.72 billion, a PE ratio of 23.42 and a beta of 1.09. The business’s fifty day simple moving average is $15.67.
MAG Silver Announces Dividend
The firm also recently disclosed a — dividend, which will be paid on Monday, April 21st. Investors of record on Friday, April 4th will be issued a $0.18 dividend. This represents a yield of 1.5%. The ex-dividend date of this dividend is Friday, April 4th.
Hedge Funds Weigh In On MAG Silver
A number of hedge funds have recently modified their holdings of MAG. PKO Investment Management Joint Stock Co acquired a new stake in MAG Silver in the 4th quarter valued at approximately $651,000. Integrated Advisors Network LLC boosted its position in shares of MAG Silver by 38.7% during the fourth quarter. Integrated Advisors Network LLC now owns 61,250 shares of the company’s stock worth $833,000 after buying an additional 17,100 shares during the period. Two Sigma Investments LP acquired a new stake in shares of MAG Silver in the fourth quarter valued at $401,000. Millennium Management LLC raised its holdings in shares of MAG Silver by 3,324.7% in the 4th quarter. Millennium Management LLC now owns 886,203 shares of the company’s stock valued at $12,052,000 after buying an additional 860,326 shares during the period. Finally, Eschler Asset Management LLP boosted its holdings in MAG Silver by 83.3% during the 4th quarter. Eschler Asset Management LLP now owns 55,000 shares of the company’s stock valued at $748,000 after acquiring an additional 25,000 shares during the period. 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.
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