Roth Capital Issues Positive Outlook for MAG Silver Earnings

MAG Silver Corp. (NYSEAMERICAN:MAG) – Stock analysts at Roth Capital boosted their Q3 2024 EPS estimates for shares of MAG Silver in a research report issued on Thursday, October 24th. Roth Capital analyst J. Reagor now expects that the company will post earnings of $0.27 per share for the quarter, up from their previous estimate of $0.22. Roth Capital currently has a “Hold” rating on the stock. The consensus estimate for MAG Silver’s current full-year earnings is $0.69 per share. Roth Capital also issued estimates for MAG Silver’s FY2024 earnings at $0.86 EPS.

A number of other equities research analysts have also recently issued reports on the stock. Scotiabank upped their target price on shares of MAG Silver from $14.50 to $15.50 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Roth Mkm cut shares of MAG Silver from a “buy” rating to a “neutral” rating and upped their target price for the company from $17.00 to $17.50 in a report on Thursday. StockNews.com raised shares of MAG Silver from a “sell” rating to a “hold” rating in a report on Thursday. Finally, HC Wainwright upped their target price on shares of MAG Silver from $17.00 to $18.00 and gave the company a “buy” rating in a report on Monday, August 5th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $17.88.

MAG Silver Price Performance

MAG opened at $17.85 on Friday. The firm has a market capitalization of $1.84 billion, a P/E 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.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MAG. Azarias Capital Management L.P. increased its holdings in shares of MAG Silver by 73.7% during the first quarter. Azarias Capital Management L.P. now owns 1,405,136 shares of the company’s stock worth $14,866,000 after purchasing an additional 596,283 shares during the period. Privium Fund Management B.V. increased its holdings in shares of MAG Silver by 71.9% during the first quarter. Privium Fund Management B.V. now owns 26,300 shares of the company’s stock worth $278,000 after purchasing an additional 11,000 shares during the period. Van ECK Associates Corp boosted its position in shares of MAG Silver by 7.5% during the 1st quarter. Van ECK Associates Corp now owns 9,981,600 shares of the company’s stock worth $105,603,000 after acquiring an additional 696,140 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of MAG Silver by 29.0% during the 1st quarter. Private Advisor Group LLC now owns 32,230 shares of the company’s stock worth $341,000 after acquiring an additional 7,244 shares in the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co boosted its position in shares of MAG Silver by 38.9% during the 1st quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 40,825 shares of the company’s stock worth $431,000 after acquiring an additional 11,425 shares in the last quarter. 52.50% of the stock is owned by institutional investors.

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.