MAG Silver (NYSEAMERICAN:MAG) Stock Price Expected to Rise, HC Wainwright Analyst Says

MAG Silver (NYSEAMERICAN:MAG) had its target price raised by HC Wainwright from $21.00 to $22.00 in a report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock. HC Wainwright also issued estimates for MAG Silver’s FY2025 earnings at $1.01 EPS.

Separately, TD Securities raised shares of MAG Silver to a “strong-buy” rating in a report on Monday, March 10th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

MAG Silver Price Performance

NYSEAMERICAN MAG opened at $16.63 on Tuesday. The stock has a market capitalization of $1.72 billion, a P/E ratio of 23.42 and a beta of 1.09. The stock’s 50-day moving average is $15.67. MAG Silver has a 52-week low of $9.90 and a 52-week high of $18.27.

MAG Silver Announces Dividend

The business also recently announced a — dividend, which will be paid on Monday, April 21st. Investors of record on Friday, April 4th will be issued a dividend of $0.18 per share. This represents a yield of 1.5%. The ex-dividend date is Friday, April 4th.

Institutional Trading of MAG Silver

Several large investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new position in shares of MAG Silver in the 3rd quarter valued at approximately $52,000. DF Dent & Co. Inc. purchased a new position in MAG Silver during the third quarter valued at $140,000. Pekin Hardy Strauss Inc. bought a new stake in shares of MAG Silver during the 3rd quarter valued at $140,000. D. E. Shaw & Co. Inc. purchased a new stake in shares of MAG Silver in the 4th quarter worth about $156,000. Finally, Aigen Investment Management LP bought a new position in shares of MAG Silver in the 4th quarter worth about $156,000. 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.