HC Wainwright Analysts Cut Earnings Estimates for MAG Silver

Key Points

• HC Wainwright has reduced its FY2025 earnings per share estimate for MAG Silver from $1.70 to $1.60, maintaining a "Hold" rating on the stock.
• MAG Silver's stock price has fluctuated between a 12-month low of C$15.89 and a high of C$32.19, and currently trades at C$31.68.
• Recently, MAG Silver declared a quarterly dividend of $0.144, representing an annualized yield of 1.8%.

MAG Silver Corp. (TSE:MAG - Free Report) NYSEAMERICAN: MAG - Analysts at HC Wainwright cut their FY2025 earnings per share estimates for MAG Silver in a research note issued on Tuesday, August 12th. HC Wainwright analyst H. Ihle now expects that the company will post earnings per share of $1.60 for the year, down from their prior estimate of $1.70. HC Wainwright has a "Hold" rating on the stock. The consensus estimate for MAG Silver's current full-year earnings is $1.22 per share.

Other equities analysts have also issued research reports about the stock. Cormark lifted their price target on shares of MAG Silver from C$25.10 to C$31.70 in a research report on Tuesday. TD Securities downgraded shares of MAG Silver from a "strong-buy" rating to a "strong sell" rating in a research note on Thursday, May 22nd. Finally, Canaccord Genuity Group downgraded shares of MAG Silver from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of C$27.19.

MAG Silver Trading Down 1.0%

TSE:MAG opened at C$31.68 on Thursday. MAG Silver has a 12 month low of C$15.89 and a 12 month high of C$32.19. The firm has a market cap of C$2.30 billion, a price-to-earnings ratio of 30.78, a P/E/G ratio of 0.84 and a beta of 1.14. The company has a quick ratio of 25.31, a current ratio of 32.55 and a debt-to-equity ratio of 0.01. The company's 50 day moving average is C$29.48 and its 200-day moving average is C$25.04.

MAG Silver Cuts Dividend

The business also recently disclosed 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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