MAG Silver FY2025 EPS Estimate Boosted by HC Wainwright

Key Points

• HC Wainwright has raised the FY2025 EPS estimate for MAG Silver from $1.04 to $1.25, while maintaining a "Neutral" rating and a target price of $22.00.
• Recent analyst ratings show a mixed sentiment, with one analyst rating it "buy," six issuing "hold," and one "sell," reflecting a consensus rating of "Hold."
• MAG Silver also declared a dividend of $0.18 per share, which contributes to a yield of 0.5% and a payout ratio of 33.80%.

MAG Silver Corporation (NYSEAMERICAN:MAG - Free Report) - Investment analysts at HC Wainwright increased their FY2025 earnings per share (EPS) estimates for MAG Silver in a report released on Thursday, July 24th. HC Wainwright analyst H. Ihle now anticipates that the company will earn $1.25 per share for the year, up from their previous forecast of $1.04. 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 analysts have also recently issued reports about the company. Wall Street Zen raised MAG Silver from a "sell" rating to a "hold" rating in a research report on Monday, March 31st. Roth Capital increased their target price on MAG Silver from $18.00 to $21.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. TD Securities lowered MAG Silver from a "strong-buy" rating to a "strong sell" rating in a research note on Thursday, May 22nd. Scotiabank reiterated a "sector perform" rating on shares of MAG Silver in a research note on Monday, April 14th. Finally, Canaccord Genuity Group lowered MAG Silver from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $19.38.

MAG Silver Stock Performance

Shares of NYSEAMERICAN MAG opened at $21.54 on Monday. The stock has a 50 day moving average price of $20.79 and a 200 day moving average price of $17.04. MAG Silver has a 52 week low of $11.29 and a 52 week high of $22.66. The stock has a market capitalization of $2.23 billion, a PE ratio of 24.48 and a beta of 0.75.

MAG Silver Announces Dividend

The business also recently disclosed a -- dividend, which was paid on Wednesday, May 28th. Shareholders of record on Monday, May 19th were issued a dividend of $0.18 per share. This represents a yield of 0.5%. The ex-dividend date of this dividend was Monday, May 19th. MAG Silver's dividend payout ratio is currently 33.80%.

Hedge Funds Weigh In On MAG Silver

Institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its stake in MAG Silver by 18.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 328,000 shares of the company's stock valued at $4,990,000 after purchasing an additional 50,000 shares during the last quarter. D.A. Davidson & CO. purchased a new position in MAG Silver in the first quarter valued at approximately $167,000. Alps Advisors Inc. lifted its stake in MAG Silver by 711.6% in the first quarter. Alps Advisors Inc. now owns 392,675 shares of the company's stock valued at $6,000,000 after purchasing an additional 344,290 shares during the last quarter. Ninepoint Partners LP purchased a new position in MAG Silver in the first quarter valued at approximately $657,000. Finally, Two Sigma Investments LP purchased a new position in MAG Silver in the fourth quarter valued at approximately $401,000. 52.50% of the stock is owned by 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.

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