Raymond James Increases Earnings Estimates for MAG Silver

MAG Silver Corp. (NYSEAMERICAN:MAGFree Report) – Investment analysts at Raymond James upped their FY2024 earnings per share (EPS) estimates for shares of MAG Silver in a report issued on Thursday, January 30th. Raymond James analyst B. Macarthur now expects that the company will earn $0.84 per share for the year, up from their previous forecast of $0.75. The consensus estimate for MAG Silver’s current full-year earnings is $0.75 per share. Raymond James also issued estimates for MAG Silver’s FY2025 earnings at $0.94 EPS.

Other research analysts have also issued reports about the stock. HC Wainwright raised their target price on shares of MAG Silver from $20.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, January 30th. StockNews.com raised shares of MAG Silver from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Roth Capital downgraded shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Roth Mkm downgraded shares of MAG Silver from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $17.00 to $17.50 in a research note on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $18.63.

Read Our Latest Stock Report on MAG

MAG Silver Trading Up 1.0 %

Shares of MAG Silver stock opened at $16.10 on Monday. MAG Silver has a 52 week low of $8.19 and a 52 week high of $18.27. The stock has a market capitalization of $1.66 billion, a PE ratio of 22.68 and a beta of 1.09.

MAG Silver (NYSEAMERICAN:MAGGet Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02.

Institutional Trading of MAG Silver

Institutional investors have recently bought and sold shares of the stock. Capital Performance Advisors LLP acquired a new position in MAG Silver during the third quarter valued at $28,000. Quantbot Technologies LP acquired a new position in shares of MAG Silver during the third quarter valued at approximately $52,000. DF Dent & Co. Inc. purchased a new stake in shares of MAG Silver during the third quarter worth $140,000. Pekin Hardy Strauss Inc. acquired a new stake in MAG Silver in the 3rd quarter valued at about $140,000. Finally, International Assets Investment Management LLC acquired a new position in MAG Silver during the third quarter worth $148,000. 52.50% of the stock is currently owned by institutional investors and hedge funds.

MAG Silver Company Profile

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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.

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Earnings History and Estimates for MAG Silver (NYSEAMERICAN:MAG)

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