National Bank Financial Weighs in on MAG Silver Q4 Earnings

MAG Silver Corp. (NYSEAMERICAN:MAG) – Research analysts at National Bank Financial increased their Q4 2024 earnings per share estimates for MAG Silver in a research report issued on Monday, February 10th. National Bank Financial analyst D. Demarco now expects that the company will post earnings of $0.23 per share for the quarter, up from their previous estimate of $0.20. The consensus estimate for MAG Silver’s current full-year earnings is $0.75 per share.

Several other brokerages have also recently issued reports on MAG. Roth Capital cut MAG Silver from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. StockNews.com upgraded MAG Silver from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. HC Wainwright upped their price objective on MAG Silver from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, Roth Mkm downgraded MAG Silver from a “buy” rating to a “neutral” rating and upped their price objective for the company from $17.00 to $17.50 in a research report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $18.63.

MAG Silver Trading Up 1.1 %

Shares of MAG stock opened at $17.10 on Wednesday. MAG Silver has a 12-month low of $8.19 and a 12-month high of $18.27. The stock has a market capitalization of $1.77 billion, a PE ratio of 24.08 and a beta of 1.09.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Barclays PLC grew its stake in MAG Silver by 211.5% in the third quarter. Barclays PLC now owns 30,780 shares of the company’s stock worth $432,000 after purchasing an additional 20,899 shares in the last quarter. Van ECK Associates Corp raised its stake in MAG Silver by 4.8% in the 3rd quarter. Van ECK Associates Corp now owns 10,231,410 shares of the company’s stock worth $143,649,000 after acquiring an additional 467,817 shares during the last quarter. JPMorgan Chase & Co. raised its stake in MAG Silver by 69.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 456,335 shares of the company’s stock worth $6,407,000 after acquiring an additional 186,445 shares during the last quarter. PCJ Investment Counsel Ltd. raised its stake in MAG Silver by 38.1% in the 3rd quarter. PCJ Investment Counsel Ltd. now owns 369,290 shares of the company’s stock worth $5,196,000 after acquiring an additional 101,870 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew 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 worth $5,374,000 after purchasing an additional 254,553 shares during the period. Institutional investors own 52.50% of the company’s stock.

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.