Research Analysts Issue Forecasts for MAG Silver Q3 Earnings

MAG Silver Corp. (NYSEAMERICAN:MAG) – Stock analysts at Cormark issued their Q3 2024 EPS estimates for MAG Silver in a research report issued on Wednesday, October 23rd. Cormark analyst N. Dion expects that the company will earn $0.15 per share for the quarter. The consensus estimate for MAG Silver’s current full-year earnings is $0.69 per share.

MAG Silver (NYSEAMERICAN:MAG) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02.

MAG has been the topic of a number of other research reports. HC Wainwright raised their price objective on shares of MAG Silver from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Roth Mkm cut shares of MAG Silver from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $17.00 to $17.50 in a research note on Thursday. Roth Capital cut shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday. StockNews.com upgraded MAG Silver from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Scotiabank lifted their price target on MAG Silver from $14.50 to $15.50 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $17.88.

MAG Silver Stock Performance

Shares of NYSEAMERICAN MAG opened at $17.85 on Friday. The company has a market cap of $1.84 billion, a PE ratio of 30.78 and a beta of 1.15. MAG Silver has a 12 month low of $8.19 and a 12 month high of $18.01.

Institutional Trading of MAG Silver

Institutional investors and hedge funds have recently bought and sold shares of the stock. Perritt Capital Management Inc. acquired a new position in MAG Silver in the 1st quarter valued at about $26,000. Addenda Capital Inc. acquired a new position in shares of MAG Silver during the second quarter worth about $123,000. International Assets Investment Management LLC acquired a new position in shares of MAG Silver during the third quarter worth about $148,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of MAG Silver during the second quarter worth about $161,000. Finally, Veracity Capital LLC grew its position in shares of MAG Silver by 16.8% during the third quarter. Veracity Capital LLC now owns 16,653 shares of the company’s stock worth $234,000 after buying an additional 2,396 shares in the last quarter. 52.50% of the stock is currently owned by hedge funds and other institutional investors.

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.