FY2025 EPS Estimates for MAG Silver Reduced by Raymond James

MAG Silver Corp. (NYSEAMERICAN:MAG) – Stock analysts at Raymond James dropped their FY2025 earnings per share (EPS) estimates for MAG Silver in a note issued to investors 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 prior forecast of $0.94. The consensus estimate for MAG Silver’s current full-year earnings is $0.73 per share.

Several other brokerages also recently commented on MAG. TD Securities upgraded shares of MAG Silver to a “strong-buy” rating in a research report on Monday, March 10th. HC Wainwright boosted their price target on MAG Silver from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Roth Mkm reduced their price objective on MAG Silver from $16.50 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, MAG Silver has a consensus rating of “Moderate Buy” and an average price target of $18.50.

MAG Silver Trading Down 1.7 %

MAG stock opened at $16.48 on Wednesday. The firm has a 50-day moving average price of $15.58. MAG Silver has a 12 month low of $8.97 and a 12 month high of $18.27. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 23.21 and a beta of 1.09.

Institutional Investors Weigh In On MAG Silver

Hedge funds have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC lifted its holdings in MAG Silver by 46.4% during the 4th quarter. First Eagle Investment Management LLC now owns 7,839,793 shares of the company’s stock worth $106,379,000 after buying an additional 2,486,538 shares during the period. Millennium Management LLC raised its position in shares of MAG Silver by 3,324.7% during the fourth quarter. Millennium Management LLC now owns 886,203 shares of the company’s stock worth $12,052,000 after acquiring an additional 860,326 shares during the last quarter. Raymond James Financial Inc. bought a new stake in MAG Silver in the fourth quarter valued at approximately $3,482,000. The Manufacturers Life Insurance Company increased its position in MAG Silver by 199.7% during the 3rd 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 period. Finally, Sprott Inc. increased its position in MAG Silver by 8.5% during the 4th quarter. Sprott Inc. now owns 2,649,507 shares of the company’s stock valued at $36,004,000 after purchasing an additional 208,252 shares during the period. 52.50% of the stock is currently owned by institutional investors and hedge funds.

MAG Silver Announces Dividend

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

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.