Cormark Has Strong Forecast for MAG Silver FY2025 Earnings

Key Points

• Cormark analysts have upgraded their FY2025 earnings per share (EPS) estimate for MAG Silver from $1.20 to $1.40, indicating the company's anticipated growth.
• Several analysts have recently downgraded MAG Silver's stock rating, with TD Securities and Canaccord Genuity lowering their ratings to "strong sell" and "hold," respectively.
• MAG Silver is trading at approximately C$31.99, with a market capitalization of C$2.32 billion and a P/E ratio of 31.08.

MAG Silver Corp. (TSE:MAG - Free Report) NYSEAMERICAN: MAG - Equities research analysts at Cormark increased their FY2025 earnings per share (EPS) estimates for shares of MAG Silver in a research note issued on Tuesday, August 12th. Cormark analyst N. Dion now anticipates that the company will post earnings per share of $1.40 for the year, up from their previous estimate of $1.20. The consensus estimate for MAG Silver's current full-year earnings is $1.22 per share. Cormark also issued estimates for MAG Silver's FY2026 earnings at $0.92 EPS.

Several other research analysts also recently weighed in on the company. TD Securities downgraded MAG Silver from a "strong-buy" rating to a "strong sell" rating in a research note on Thursday, May 22nd. Canaccord Genuity Group downgraded MAG Silver from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. Finally, HC Wainwright cut MAG Silver from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of C$27.19.

MAG Silver Trading Up 1.2%

Shares of MAG stock opened at C$31.99 on Wednesday. The business's 50 day moving average is C$29.40 and its two-hundred day moving average is C$24.99. MAG Silver has a twelve month low of C$15.89 and a twelve month high of C$32.00. The company has a market capitalization of C$2.32 billion, a P/E ratio of 31.08, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The company has a current ratio of 32.55, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01.

MAG Silver Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Monday, August 18th will be issued a $0.144 dividend. This represents a $0.58 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, August 18th.

About MAG Silver

MAG Silver Corp is a Canadian mining company. It is focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district-scale, silver-dominant projects in the Americas. Its principal focus and asset are the Juanicipio Project (44%), being developed in a JV partnership with Fresnillo Plc (56%).

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