MAG Silver Corp. Expected to Post FY2024 Earnings of $0.44 Per Share (NYSEAMERICAN:MAG)

MAG Silver Corp. (NYSEAMERICAN:MAGFree Report) – Research analysts at National Bank Financial issued their FY2024 earnings per share estimates for shares of MAG Silver in a report issued on Tuesday, May 28th. National Bank Financial analyst D. Demarco forecasts that the company will earn $0.44 per share for the year. The consensus estimate for MAG Silver’s current full-year earnings is $0.59 per share. National Bank Financial also issued estimates for MAG Silver’s FY2025 earnings at $0.78 EPS.

MAG Silver (NYSEAMERICAN:MAGGet Free Report) last posted its earnings results on Tuesday, May 14th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04.

Other research analysts have also issued research reports about the company. Scotiabank raised their price objective on MAG Silver from $13.50 to $14.50 and gave the company a “sector outperform” rating in a report on Thursday, May 23rd. Stifel Nicolaus boosted their price target on shares of MAG Silver from $20.25 to $20.50 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. StockNews.com upgraded shares of MAG Silver to a “sell” rating in a report on Wednesday, March 27th. HC Wainwright reissued a “buy” rating and issued a $17.00 target price on shares of MAG Silver in a research note on Thursday, May 16th. Finally, Ventum Cap Mkts lowered MAG Silver from a “buy” rating to a “neutral” rating in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, MAG Silver currently has an average rating of “Moderate Buy” and an average target price of $18.88.

View Our Latest Stock Analysis on MAG

MAG Silver Trading Down 1.2 %

Shares of NYSEAMERICAN MAG opened at $13.45 on Thursday. MAG Silver has a 52-week low of $8.19 and a 52-week high of $14.30. The stock has a market capitalization of $1.39 billion, a PE ratio of 24.02 and a beta of 1.10.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp grew its holdings in shares of MAG Silver by 4.4% during the third quarter. Van ECK Associates Corp now owns 9,746,401 shares of the company’s stock worth $101,069,000 after buying an additional 406,335 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in MAG Silver by 6.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 63,884 shares of the company’s stock valued at $665,000 after acquiring an additional 3,950 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of MAG Silver during the 3rd quarter worth $127,000. National Bank of Canada FI lifted its stake in shares of MAG Silver by 5.9% during the 4th quarter. National Bank of Canada FI now owns 240,600 shares of the company’s stock worth $2,477,000 after purchasing an additional 13,348 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of MAG Silver by 1.9% during the third quarter. Oppenheimer & Co. Inc. now owns 361,116 shares of the company’s stock worth $3,745,000 after purchasing an additional 6,895 shares during the last quarter. 52.50% of the stock is currently owned by institutional investors and hedge funds.

MAG Silver Company Profile

(Get Free Report)

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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