HC Wainwright Forecasts Stronger Earnings for MAG Silver

MAG Silver Corp. (NYSEAMERICAN:MAG) – Equities researchers at HC Wainwright raised their FY2025 earnings estimates for MAG Silver in a report issued on Tuesday, March 25th. HC Wainwright analyst H. Ihle now forecasts that the company will earn $1.01 per share for the year, up from their previous estimate of $0.82. HC Wainwright currently has a “Buy” rating and a $22.00 target price on the stock. The consensus estimate for MAG Silver’s current full-year earnings is $0.73 per share.

MAG has been the subject of several other research reports. Raymond James reaffirmed an “outperform” rating on shares of MAG Silver in a research note on Tuesday. Roth Capital set a $16.00 price target on shares of MAG Silver in a research report on Tuesday. Roth Mkm dropped their price target on shares of MAG Silver from $16.50 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, TD Securities raised shares of MAG Silver to a “strong-buy” rating in a research note on Monday, March 10th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, MAG Silver has an average rating of “Moderate Buy” and an average target price of $18.00.

MAG Silver Trading Down 5.6 %

Shares of MAG opened at $15.70 on Thursday. The firm has a market cap of $1.62 billion, a PE ratio of 22.11 and a beta of 1.09. MAG Silver has a 12-month low of $10.62 and a 12-month high of $18.27. The stock has a 50-day moving average price of $15.70.

Hedge Funds Weigh In On MAG Silver

Several institutional investors have recently made changes to their positions in the stock. CIBC Asset Management Inc raised its position in shares of MAG Silver by 0.7% during the fourth quarter. CIBC Asset Management Inc now owns 114,355 shares of the company’s stock worth $1,550,000 after purchasing an additional 755 shares during the period. Swiss National Bank boosted its holdings in MAG Silver by 0.6% during the fourth quarter. Swiss National Bank now owns 193,900 shares of the company’s stock worth $2,633,000 after purchasing an additional 1,200 shares during the last quarter. Geode Capital Management LLC grew its position in MAG Silver by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 50,088 shares of the company’s stock worth $687,000 after purchasing an additional 1,245 shares in the last quarter. Bank of America Corp DE increased its stake in MAG Silver by 5.1% in the 4th quarter. Bank of America Corp DE now owns 49,779 shares of the company’s stock valued at $677,000 after buying an additional 2,399 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in MAG Silver by 20.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 17,792 shares of the company’s stock valued at $242,000 after buying an additional 3,029 shares during the last quarter. Institutional investors and hedge funds 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. Shareholders of record on Friday, April 4th will be issued a dividend of $0.18 per share. This represents a dividend yield of 1.5%. The ex-dividend date is Friday, April 4th.

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.