MAG Silver Corp. (NYSEAMERICAN:MAG – Get Rating) – Research analysts at Raymond James dropped their FY2022 earnings per share (EPS) estimates for shares of MAG Silver in a report issued on Tuesday, September 13th. Raymond James analyst B. Macarthur now expects that the company will earn $0.29 per share for the year, down from their previous forecast of $0.44. Raymond James also issued estimates for MAG Silver's Q4 2022 earnings at $0.11 EPS.

Several other research analysts also recently weighed in on the stock. National Bank Financial dropped their target price on shares of MAG Silver from C$28.25 to C$23.50 in a report on Thursday, July 21st. Stifel Nicolaus dropped their target price on shares of MAG Silver from C$29.75 to C$28.75 in a report on Friday, August 19th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $25.21.

MAG Silver Stock Up 0.1 %

MAG Silver (NYSEAMERICAN:MAG – Get Rating) last posted its quarterly earnings data on Monday, August 15th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.06 by $0.02.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MAG. SeaCrest Wealth Management LLC bought a new position in shares of MAG Silver during the 2nd quarter valued at about $43,000. Geneos Wealth Management Inc. lifted its holdings in shares of MAG Silver by 89.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,385 shares of the company's stock valued at $54,000 after acquiring an additional 1,600 shares during the last quarter. Merit Financial Group LLC bought a new position in shares of MAG Silver in the 2nd quarter valued at about $123,000. Flow Traders U.S. LLC bought a new position in shares of MAG Silver in the 2nd quarter valued at about $138,000. Finally, Aigen Investment Management LP bought a new position in shares of MAG Silver in the 2nd quarter valued at about $149,000. Institutional investors own 48.55% of the company's stock.

MAG Silver Company Profile

(Get Rating)

MAG Silver Corp. engages in the exploration and development of precious metal mining properties. The company explores for silver, gold, lead, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. The company is headquartered in Vancouver, Canada.

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