Roth Capital Has Positive View of MAG Silver FY2025 Earnings

Key Points

• Roth Capital has increased its earnings per share estimate for MAG Silver for FY2025 to $1.12, up from $1.07, maintaining a "Neutral" rating with a price target of $23.00.
• Several other firms have issued ratings on MAG Silver, with most maintaining a "Hold" or "Neutral" stance, leading to an average rating of "Hold" and a consensus target price of $21.00.
• Recent institutional investment activity shows significant interest, with hedge funds owning 52.50% of the company and notable increases in holdings from multiple investment firms.

MAG Silver Corporation (NYSEAMERICAN:MAG - Free Report) - Stock analysts at Roth Capital lifted their FY2025 EPS estimates for MAG Silver in a report released on Tuesday, August 12th. Roth Capital analyst J. Reagor now expects that the company will post earnings per share of $1.12 for the year, up from their previous forecast of $1.07. Roth Capital currently has a "Neutral" rating and a $23.00 target price on the stock. The consensus estimate for MAG Silver's current full-year earnings is $0.73 per share.

MAG has been the subject of several other reports. HC Wainwright reiterated a "neutral" rating and set a $22.00 target price on shares of MAG Silver in a research report on Thursday, July 24th. 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. Scotiabank reiterated an "outperform" rating on shares of MAG Silver in a research report on Tuesday. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $21.00.

MAG Silver Trading Up 0.9%

Shares of MAG stock traded up $0.21 during trading hours 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 stock's fifty day simple moving average is $21.61 and its 200 day simple moving average is $17.82. MAG Silver has a 12 month low of $11.72 and a 12 month high of $23.42. The firm has a market capitalization of $2.39 billion, a PE ratio of 23.29 and a beta of 0.69.

Institutional Investors Weigh In On MAG Silver

A number of hedge funds have recently made changes to their positions in MAG. Geode Capital Management LLC lifted its holdings in shares of MAG Silver by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 50,088 shares of the company's stock worth $687,000 after acquiring an additional 1,245 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of MAG Silver in the 4th quarter worth approximately $3,482,000. Rossby Financial LCC bought a new stake in shares of MAG Silver in the 4th quarter worth approximately $326,000. Marshall Wace LLP bought a new stake in shares of MAG Silver in the 4th quarter worth approximately $274,000. Finally, Tradition Wealth Management LLC purchased a new position in shares of MAG Silver in the fourth quarter worth $222,000. 52.50% of the stock is currently owned by institutional investors.

MAG Silver Announces Dividend

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

MAG Silver Company Profile

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.