Analysts Offer Predictions for MAG Silver FY2025 Earnings

MAG Silver Corp. (NYSEAMERICAN:MAG) – Equities research analysts at HC Wainwright upped their FY2025 earnings per share estimates for MAG Silver in a research note issued on Thursday, January 30th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings per share of $0.82 for the year, up from their previous forecast of $0.75. HC Wainwright 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.

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

MAG Silver Stock Performance

Shares of NYSEAMERICAN:MAG opened at $16.28 on Friday. 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 $1.68 billion, a PE ratio of 22.93 and a beta of 1.08.

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

Hedge Funds Weigh In On MAG Silver

A number of hedge funds have recently made changes to their positions in MAG. Strategic Financial Concepts LLC bought a new position in shares of MAG Silver during the 4th quarter worth approximately $240,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of MAG Silver by 56.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 278,000 shares of the company’s stock valued at $3,781,000 after acquiring an additional 100,500 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of MAG Silver by 69.1% during the third quarter. JPMorgan Chase & Co. now owns 456,335 shares of the company’s stock valued at $6,407,000 after acquiring an additional 186,445 shares during the period. Tidal Investments LLC grew its holdings in shares of MAG Silver by 3.6% in the 3rd quarter. Tidal Investments LLC now owns 2,810,051 shares of the company’s stock worth $39,453,000 after purchasing an additional 98,312 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of MAG Silver by 211.5% in the 3rd quarter. Barclays PLC now owns 30,780 shares of the company’s stock worth $432,000 after purchasing an additional 20,899 shares during the last quarter. Institutional investors and hedge funds 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.