MAG Silver FY2025 EPS Forecast Reduced by Raymond James

MAG Silver Corp. (NYSEAMERICAN:MAG) – Equities research analysts at Raymond James dropped their FY2025 earnings per share (EPS) estimates for MAG Silver in a research note issued 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.

MAG has been the topic of a number of other research reports. 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. TD Securities raised shares of MAG Silver to a “strong-buy” rating in a research report on Monday, March 10th. Roth Mkm lowered their target price on MAG Silver from $16.50 to $16.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Roth Capital set a $16.00 price target on MAG Silver in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

MAG Silver Price Performance

NYSEAMERICAN:MAG opened at $16.63 on Wednesday. The company’s 50-day simple moving average is $15.67. MAG Silver has a fifty-two week low of $9.90 and a fifty-two week high of $18.27. The company has a market cap of $1.72 billion, a PE ratio of 23.42 and a beta of 1.09.

MAG Silver Dividend Announcement

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

Institutional Trading of MAG Silver

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC raised its position in MAG Silver by 211.5% during the third quarter. Barclays PLC now owns 30,780 shares of the company’s stock worth $432,000 after acquiring an additional 20,899 shares in the last quarter. Intact Investment Management Inc. raised its holdings in shares of MAG Silver by 21.3% in the 4th quarter. Intact Investment Management Inc. now owns 307,433 shares of the company’s stock valued at $4,176,000 after purchasing an additional 54,033 shares during the period. Strategic Financial Concepts LLC bought a new stake in shares of MAG Silver in the 4th quarter valued at about $240,000. JPMorgan Chase & Co. lifted its stake 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 purchasing an additional 186,445 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in MAG Silver by 56.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 278,000 shares of the company’s stock worth $3,781,000 after purchasing an additional 100,500 shares during the period. Institutional investors own 52.50% of the company’s stock.

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.