MAG Silver FY2025 EPS Estimate Increased by HC Wainwright

MAG Silver Corp. (NYSEAMERICAN:MAG) – Equities researchers at HC Wainwright upped their FY2025 earnings estimates for shares of MAG Silver in a research note issued to investors on Thursday, January 30th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings of $0.82 per share for the year, up from their previous estimate of $0.75. HC Wainwright currently has a “Buy” rating and a $21.00 price objective on the stock. The consensus estimate for MAG Silver’s current full-year earnings is $0.74 per share.

MAG Silver (NYSEAMERICAN:MAG) last announced its earnings results on Tuesday, November 12th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02.

Several other analysts have also recently issued reports on MAG. Roth Mkm cut shares of MAG Silver from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $17.00 to $17.50 in a research note on Thursday, October 24th. StockNews.com upgraded MAG Silver from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Roth Capital cut MAG Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $18.63.

MAG Silver Stock Up 6.8 %

NYSEAMERICAN:MAG opened at $16.28 on Friday. The company has a market capitalization of $1.68 billion, a PE ratio of 22.93 and a beta of 1.08. MAG Silver has a 1-year low of $8.19 and a 1-year high of $18.27.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MAG. Van ECK Associates Corp lifted its stake in MAG Silver by 4.8% in the third quarter. Van ECK Associates Corp now owns 10,231,410 shares of the company’s stock valued at $143,649,000 after buying an additional 467,817 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings 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 acquiring an additional 254,553 shares during the period. JPMorgan Chase & Co. lifted its position 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. Mackenzie Financial Corp grew its position in MAG Silver by 310.5% in the 2nd quarter. Mackenzie Financial Corp now owns 190,385 shares of the company’s stock worth $2,224,000 after purchasing an additional 144,007 shares during the last quarter. Finally, PCJ Investment Counsel Ltd. increased its stake 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 valued at $5,196,000 after purchasing an additional 101,870 shares during the period. 52.50% of the stock is currently owned by 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.