FY2025 EPS Estimates for MAG Silver Lowered by HC Wainwright

Key Points

• HC Wainwright lowered its FY2025 earnings per share (EPS) estimate for MAG Silver to $1.16, down from $1.25, while maintaining a "Neutral" rating with a target price of $22.00.
• Other analysts have mixed ratings on MAG Silver, with TD Securities downgrading the stock to "strong sell," while Roth Capital and Scotiabank issued neutral and outperform ratings, respectively.
• Institutional investors have increased their positions in MAG Silver, with significant purchases made by firms including Natixis and GABELLI & Co, reflecting a growing interest in the stock.

MAG Silver Corporation (NYSEAMERICAN:MAG - Free Report) - Equities research analysts at HC Wainwright cut their FY2025 EPS estimates for shares of MAG Silver in a research note issued to investors on Tuesday, August 12th. HC Wainwright analyst H. Ihle now forecasts that the company will earn $1.16 per share for the year, down from their prior estimate of $1.25. HC Wainwright currently has a "Neutral" rating and a $22.00 target price on the stock. The consensus estimate for MAG Silver's current full-year earnings is $0.73 per share.

Other equities research analysts also recently issued research reports about the stock. TD Securities downgraded shares of MAG Silver from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, May 22nd. Roth Capital restated a "neutral" rating and issued a $23.00 price target (up previously from $22.00) on shares of MAG Silver in a research report on Tuesday. Scotiabank restated an "outperform" rating on shares of MAG Silver in a research report on Tuesday. Finally, Canaccord Genuity Group downgraded shares of MAG Silver from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $21.00.

MAG Silver Trading Down 1.0%

NYSEAMERICAN MAG opened at $22.98 on Thursday. MAG Silver has a 52 week low of $11.72 and a 52 week high of $23.42. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 23.21 and a beta of 0.69. The company has a 50-day moving average price of $21.54 and a two-hundred day moving average price of $17.68.

Hedge Funds Weigh In On MAG Silver

Institutional investors and hedge funds have recently modified their holdings of the business. Natixis bought a new position in shares of MAG Silver in the second quarter worth about $4,031,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of MAG Silver in the second quarter worth about $2,514,000. Capula Management Ltd bought a new position in MAG Silver in the 2nd quarter valued at approximately $799,000. Marshall Wace LLP raised its holdings in MAG Silver by 37.6% in the 2nd quarter. Marshall Wace LLP now owns 21,900 shares of the company's stock valued at $463,000 after buying an additional 5,988 shares during the last quarter. Finally, Guggenheim Capital LLC raised its holdings in MAG Silver by 22.9% in the 2nd quarter. Guggenheim Capital LLC now owns 114,266 shares of the company's stock valued at $2,414,000 after buying an additional 21,292 shares during the last quarter. 52.50% of the stock is currently owned by institutional investors and hedge funds.

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.

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