National Bank Financial Estimates MAG Silver Q3 Earnings

MAG Silver Corp. (NYSEAMERICAN:MAG) – Investment analysts at National Bank Financial issued their Q3 2024 earnings per share estimates for MAG Silver in a research report issued to clients and investors on Tuesday, October 22nd. National Bank Financial analyst D. Demarco forecasts that the company will earn $0.21 per share for the quarter. The consensus estimate for MAG Silver’s current full-year earnings is $0.69 per share.

Several other equities research analysts also recently weighed in on MAG. Roth Mkm downgraded MAG Silver from a “buy” rating to a “neutral” rating and increased their price target for the stock from $17.00 to $17.50 in a report on Thursday. Scotiabank increased their price objective on MAG Silver from $14.50 to $15.50 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. HC Wainwright increased their price objective on MAG Silver from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Finally, StockNews.com raised MAG Silver from a “sell” rating to a “hold” rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, MAG Silver presently has an average rating of “Moderate Buy” and a consensus target price of $17.88.

MAG Silver Trading Up 0.3 %

Shares of NYSEAMERICAN MAG opened at $17.85 on Thursday. MAG Silver has a fifty-two week low of $8.19 and a fifty-two week high of $18.01. The company has a market capitalization of $1.84 billion, a PE ratio of 30.78 and a beta of 1.15.

MAG Silver (NYSEAMERICAN:MAG) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02.

Institutional Trading of MAG Silver

Several hedge funds and other institutional investors have recently bought and sold shares of MAG. Perritt Capital Management Inc. bought a new stake in MAG Silver during the 1st quarter valued at $26,000. Addenda Capital Inc. acquired a new stake in shares of MAG Silver in the 2nd quarter worth $123,000. International Assets Investment Management LLC acquired a new stake in shares of MAG Silver in the 3rd quarter worth $148,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of MAG Silver in the 2nd quarter worth $161,000. Finally, Veracity Capital LLC boosted its position in shares of MAG Silver by 16.8% in the 3rd quarter. Veracity Capital LLC now owns 16,653 shares of the company’s stock worth $234,000 after purchasing an additional 2,396 shares in the last quarter. 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.