FY2025 EPS Estimates for MAG Silver Boosted by HC Wainwright

Key Points

• HC Wainwright has raised its FY2025 EPS estimate for MAG Silver to $1.70, up from a previous estimate of $1.46, exceeding the consensus estimate of $1.22.
• Additionally, MAG Silver announced an increase in its quarterly dividend to $0.20 per share, marking a significant rise from the previous dividend of $0.02.
• Currently, the stock price of MAG Silver has fluctuated slightly, closing at C$29.51 with a market cap of C$2.14 billion and a P/E ratio of 28.67.

MAG Silver Corp. (TSE:MAG - Free Report) NYSEAMERICAN: MAG - Research analysts at HC Wainwright boosted their FY2025 earnings per share (EPS) estimates for shares of MAG Silver in a report released on Thursday, July 24th. HC Wainwright analyst H. Ihle now forecasts that the company will earn $1.70 per share for the year, up from their previous estimate of $1.46. The consensus estimate for MAG Silver's current full-year earnings is $1.22 per share.

Several other research firms have also issued reports on MAG. TD Securities lowered MAG Silver from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, May 22nd. Canaccord Genuity Group lowered MAG Silver from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th.

MAG Silver Trading Down 1.6%

MAG traded down C$0.48 on Friday, hitting C$29.03. 58,829 shares of the company were exchanged, compared to its average volume of 259,226. The firm has a fifty day simple moving average of C$28.46 and a two-hundred day simple moving average of C$24.31. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 32.55. MAG Silver has a 12 month low of C$15.89 and a 12 month high of C$31.01. The stock has a market capitalization of C$2.10 billion, a PE ratio of 28.20, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14.

MAG Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 28th were issued a $0.20 dividend. The ex-dividend date was Friday, May 16th. This represents a $0.80 annualized dividend and a yield of 2.76%. This is a boost from MAG Silver's previous quarterly dividend of $0.02.

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%).