Roth Capital Analysts Raise Earnings Estimates for MAG Silver Corp. (NYSEAMERICAN:MAG)

MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) - Stock analysts at Roth Capital lifted their Q3 2024 earnings estimates for shares of MAG Silver in a research note issued to investors on Tuesday, May 14th. Roth Capital analyst J. Reagor now anticipates that the company will post earnings of $0.19 per share for the quarter, up from their previous estimate of $0.18. The consensus estimate for MAG Silver's current full-year earnings is $0.55 per share. Roth Capital also issued estimates for MAG Silver's Q1 2025 earnings at $0.12 EPS.

MAG Silver (NYSEAMERICAN:MAG - Get Free Report) last issued its quarterly earnings data on Tuesday, March 19th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01.

Several other equities research analysts have also recently issued reports on MAG. HC Wainwright raised their price objective on MAG Silver from $16.00 to $17.00 and gave the stock a "buy" rating in a report on Thursday, April 25th. Scotiabank raised shares of MAG Silver from a "sector perform" rating to a "sector outperform" rating and dropped their price objective for the company from $15.00 to $13.50 in a research note on Thursday, March 28th. Stifel Nicolaus boosted their target price on shares of MAG Silver from $20.25 to $20.50 and gave the company a "buy" rating in a report on Wednesday. Ventum Cap Mkts downgraded shares of MAG Silver from a "buy" rating to a "neutral" rating in a research note on Friday, May 3rd. Finally, StockNews.com raised shares of MAG Silver to a "sell" rating in a research note on Wednesday, March 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $18.63.

MAG Silver Stock Up 0.4 %

Shares of NYSEAMERICAN MAG traded up $0.05 during trading on Wednesday, reaching $12.94. The company had a trading volume of 1,202,201 shares, compared to its average volume of 844,755. MAG Silver has a twelve month low of $8.19 and a twelve month high of $13.39. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 27.53 and a beta of 1.10.

Institutional Trading of MAG Silver

A number of hedge funds have recently made changes to their positions in MAG. Banque Cantonale Vaudoise grew its position in shares of MAG Silver by 8.6% in the 1st quarter. Banque Cantonale Vaudoise now owns 11,012 shares of the company's stock worth $116,000 after acquiring an additional 876 shares in the last quarter. Private Advisor Group LLC increased its stake in MAG Silver by 6.1% during the fourth quarter. Private Advisor Group LLC now owns 24,986 shares of the company's stock valued at $260,000 after purchasing an additional 1,447 shares during the last quarter. Perritt Capital Management Inc. acquired a new stake in shares of MAG Silver during the first quarter worth $26,000. CIBC Asset Management Inc lifted its position in shares of MAG Silver by 3.0% in the 4th quarter. CIBC Asset Management Inc now owns 90,881 shares of the company's stock worth $949,000 after buying an additional 2,652 shares during the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co boosted its holdings in shares of MAG Silver by 12.2% in the 4th quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 29,400 shares of the company's stock valued at $307,000 after buying an additional 3,200 shares during the period. Institutional investors and hedge funds own 52.50% of the company's stock.

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.