MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) - Research analysts at Cormark lifted their FY2025 earnings estimates for MAG Silver in a report issued on Thursday, April 24th. Cormark analyst N. Dion now expects that the company will post earnings per share of $0.74 for the year, up from their prior forecast of $0.67. The consensus estimate for MAG Silver's current full-year earnings is $0.73 per share.
A number of other equities analysts also recently weighed in on MAG. HC Wainwright reaffirmed a "buy" rating and issued a $22.00 target price on shares of MAG Silver in a research note on Thursday, April 24th. Raymond James reaffirmed an "outperform" rating on shares of MAG Silver in a report on Tuesday, March 25th. Scotiabank reissued a "sector perform" rating on shares of MAG Silver in a research note on Monday, April 14th. StockNews.com raised MAG Silver from a "sell" rating to a "hold" rating in a research note on Monday, March 31st. Finally, Roth Capital set a $16.00 price target on MAG Silver in a report on Tuesday, March 25th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $18.60.
View Our Latest Stock Report on MAG Silver
MAG Silver Price Performance
Shares of NYSEAMERICAN:MAG traded down $0.12 during trading on Monday, reaching $14.62. The stock had a trading volume of 114,566 shares, compared to its average volume of 668,931. The stock has a market capitalization of $1.51 billion, a PE ratio of 20.59 and a beta of 1.09. MAG Silver has a 52 week low of $11.29 and a 52 week high of $18.27. The business's 50-day moving average price is $15.36 and its 200 day moving average price is $15.29.
Hedge Funds Weigh In On MAG Silver
Hedge funds have recently modified their holdings of the stock. Aigen Investment Management LP acquired a new stake in MAG Silver in the fourth quarter valued at $156,000. D. E. Shaw & Co. Inc. acquired a new stake in MAG Silver in the 4th quarter valued at about $156,000. D.A. Davidson & CO. acquired a new stake in MAG Silver in the 1st quarter valued at about $167,000. Susquehanna Fundamental Investments LLC bought a new position in MAG Silver during the fourth quarter worth about $188,000. Finally, Tradition Wealth Management LLC acquired a new position in MAG Silver during the fourth quarter worth approximately $222,000. Institutional investors own 52.50% of the company's stock.
MAG Silver Announces Dividend
The firm also recently announced a -- dividend, which was paid on Monday, April 21st. Investors of record on Friday, April 4th were issued a dividend of $0.18 per share. This represents a yield of 1.5%. The ex-dividend date was Friday, April 4th. MAG Silver's payout ratio is 101.41%.
About MAG Silver
(
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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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