MAG Silver Corp. (NYSEAMERICAN:MAG – Free Report) – Research analysts at Stifel Canada issued their Q2 2024 earnings per share (EPS) estimates for MAG Silver in a report issued on Thursday, July 18th. Stifel Canada analyst S. Soock anticipates that the company will post earnings per share of $0.15 for the quarter. The consensus estimate for MAG Silver’s current full-year earnings is $0.58 per share.
MAG Silver (NYSEAMERICAN:MAG – Get Free Report) last released its earnings results on Tuesday, May 14th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04.
A number of other analysts have also recently weighed in on the company. Stifel Nicolaus raised their price target on MAG Silver from $20.25 to $20.50 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Ventum Cap Mkts cut MAG Silver from a “buy” rating to a “neutral” rating in a research note on Friday, May 3rd. HC Wainwright restated a “buy” rating and issued a $17.00 price target on shares of MAG Silver in a research note on Thursday, May 16th. StockNews.com upgraded MAG Silver to a “sell” rating in a research note on Wednesday, March 27th. Finally, Scotiabank raised their price target on MAG Silver from $13.50 to $14.50 and gave the company a “sector outperform” rating in a research note on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.88.
Check Out Our Latest Stock Report on MAG Silver
MAG Silver Stock Down 1.6 %
NYSEAMERICAN:MAG opened at $13.19 on Monday. The firm has a market capitalization of $1.36 billion, a P/E ratio of 23.55 and a beta of 1.12. MAG Silver has a 12-month low of $8.19 and a 12-month high of $14.30.
Institutional Investors Weigh In On MAG Silver
Institutional investors have recently added to or reduced their stakes in the business. Perritt Capital Management Inc. purchased a new stake in MAG Silver in the 1st quarter valued at approximately $26,000. Banque Cantonale Vaudoise boosted its stake in shares of MAG Silver by 8.6% during 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. Crown Wealth Group LLC purchased a new stake in shares of MAG Silver during the 4th quarter worth approximately $118,000. Addenda Capital Inc. purchased a new stake in shares of MAG Silver during the 2nd quarter worth approximately $123,000. Finally, Veracity Capital LLC boosted its stake in shares of MAG Silver by 50.0% during the 4th quarter. Veracity Capital LLC now owns 16,654 shares of the company’s stock worth $173,000 after acquiring an additional 5,551 shares in the last quarter. Hedge funds and other institutional investors 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.
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