Raymond James Brokers Lift Earnings Estimates for MAG Silver

MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) - Raymond James upped their FY2025 earnings estimates for shares of MAG Silver in a research note issued on Thursday, May 8th. Raymond James analyst B. Macarthur now anticipates that the company will earn $1.22 per share for the year, up from their prior forecast of $1.21. Raymond James currently has a "Outperform" rating on the stock. The consensus estimate for MAG Silver's current full-year earnings is $0.73 per share. Raymond James also issued estimates for MAG Silver's FY2026 earnings at $0.87 EPS.

Several other analysts also recently issued reports on the stock. StockNews.com raised shares of MAG Silver from a "sell" rating to a "hold" rating in a research report on Monday, March 31st. TD Securities raised shares of MAG Silver to a "strong-buy" rating in a research report on Monday, March 10th. HC Wainwright reaffirmed a "buy" rating and issued a $22.00 price objective on shares of MAG Silver in a research report on Thursday, April 24th. Roth Mkm lowered their price objective on shares of MAG Silver from $16.50 to $16.00 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. Finally, Scotiabank reaffirmed a "sector perform" rating on shares of MAG Silver in a research report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $18.60.

MAG Silver Stock Performance

NYSEAMERICAN MAG opened at $16.92 on Monday. MAG Silver has a one year low of $11.29 and a one year high of $18.27. The company's 50 day moving average price is $15.31 and its 200 day moving average price is $15.31. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 23.83 and a beta of 1.09.

Institutional Investors Weigh In On MAG Silver

A number of hedge funds have recently added to or reduced their stakes in MAG. Barclays PLC raised its stake in shares of MAG Silver by 211.5% during the third quarter. Barclays PLC now owns 30,780 shares of the company's stock valued at $432,000 after purchasing an additional 20,899 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of MAG Silver by 69.1% during the third quarter. JPMorgan Chase & Co. now owns 456,335 shares of the company's stock valued at $6,407,000 after purchasing an additional 186,445 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of MAG Silver during the fourth quarter valued at about $240,000. Allspring Global Investments Holdings LLC raised its stake in shares of MAG Silver by 56.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 278,000 shares of the company's stock valued at $3,781,000 after purchasing an additional 100,500 shares in the last quarter. Finally, CIBC Asset Management Inc raised its stake in shares of MAG Silver by 0.7% during the fourth quarter. CIBC Asset Management Inc now owns 114,355 shares of the company's stock valued at $1,550,000 after purchasing an additional 755 shares in the last quarter. 52.50% of the stock is currently owned by institutional investors.

MAG Silver Announces Dividend

The business also recently announced a -- dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Monday, May 19th will be paid a $0.18 dividend. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, May 19th. MAG Silver's payout ratio is 101.41%.

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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