What is Cormark's Estimate for MAG Silver FY2025 Earnings?

Key Points

• Cormark has raised its FY2025 earnings per share forecast for MAG Silver to $1.02, an increase from the previous estimate of $0.86.
• Analyst ratings show a mix with one sell, five hold, and two buy ratings, with a consensus price target of $21.00.
• Several institutional investors have recently increased their holdings, indicating growing interest in MAG Silver, which is currently owned 52.50% by institutional investors.

MAG Silver Corporation (NYSEAMERICAN:MAG - Free Report) - Cormark boosted their FY2025 EPS estimates for shares of MAG Silver in a note issued to investors on Tuesday, August 12th. Cormark analyst N. Dion now expects that the company will post earnings of $1.02 per share for the year, up from their prior forecast of $0.86. The consensus estimate for MAG Silver's current full-year earnings is $0.73 per share.

Several other equities analysts have also recently issued reports on the stock. HC Wainwright restated a "neutral" rating and set a $22.00 target price on shares of MAG Silver in a research note on Thursday, July 24th. Roth Capital reaffirmed a "neutral" rating and set a $23.00 price target (up previously from $22.00) on shares of MAG Silver in a research report on Tuesday. Canaccord Genuity Group lowered shares of MAG Silver from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Scotiabank reaffirmed an "outperform" rating on shares of MAG Silver in a research report on Tuesday. Finally, TD Securities lowered shares of MAG Silver from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $21.00.

MAG Silver Price Performance

MAG Silver stock traded up $0.21 during mid-day trading on Wednesday, reaching $23.06. The stock had a trading volume of 11,685,880 shares, compared to its average volume of 1,110,571. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 23.29 and a beta of 0.69. The company has a 50-day moving average price of $21.61 and a two-hundred day moving average price of $17.82. MAG Silver has a one year low of $11.72 and a one year high of $23.42.

MAG Silver Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, September 1st. Investors of record on Tuesday, August 19th will be issued a $0.124 dividend. This represents a yield of 236.0%. The ex-dividend date of this dividend is Monday, August 18th. MAG Silver's dividend payout ratio is currently 33.80%.

Institutional Investors Weigh In On MAG Silver

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MAG. BNP Paribas Financial Markets purchased a new stake in MAG Silver in the 2nd quarter worth approximately $28,000. Luminist Capital LLC purchased a new stake in MAG Silver during the 2nd quarter valued at approximately $32,000. Banque Cantonale Vaudoise purchased a new stake in MAG Silver during the 1st quarter valued at approximately $37,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in MAG Silver during the 2nd quarter valued at approximately $53,000. Finally, Mark Sheptoff Financial Planning LLC purchased a new stake in MAG Silver during the 2nd quarter valued at approximately $71,000. 52.50% of the stock is owned by hedge funds and other institutional investors.

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.