FY2025 EPS Estimates for MAG Silver Lowered by HC Wainwright

More Than a Monetary Metal: Silver's Case for OutperformanceMAG Silver Corporation (NYSEAMERICAN:MAG - Free Report) - Equities research analysts at HC Wainwright cut their FY2025 EPS estimates for shares of MAG Silver in a research note issued to investors on Tuesday, August 12th. HC Wainwright analyst H. Ihle now forecasts that the company will earn $1.16 per share for the year, down from their prior estimate of $1.25. HC Wainwright currently has a "Neutral" rating and a $22.00 target price on the stock. The consensus estimate for MAG Silver's current full-year earnings is $0.73 per share.Other equities research analysts also recently issued research reports about the stock. TD Securities downgraded shares of MAG Silver from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, May 22nd. Roth Capital restated a "neutral" rating and issued a $23.00 price target (up previously from $22.00) on shares of MAG Silver in a research report on Tuesday. Scotiabank restated an "outperform" rating on shares of MAG Silver in a research report on Tuesday. Finally, Canaccord Genuity Group downgraded shares of MAG Silver from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $21.00.Silver Soars: Here's How to Gain ExposureRead Our Latest Report on MAG SilverMAG Silver Trading Down 1.0%NYSEAMERICAN MAG opened at $22.98 on Thursday. MAG Silver has a 52 week low of $11.72 and a 52 week high of $23.42. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 23.21 and a beta of 0.69. The company has a 50-day moving average price of $21.54 and a two-hundred day moving average price of $17.68. Hedge Funds Weigh In On MAG SilverInstitutional investors and hedge funds have recently modified their holdings of the business. Natixis bought a new position in shares of MAG Silver in the second quarter worth about $4,031,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of MAG Silver in the second quarter worth about $2,514,000. Capula Management Ltd bought a new position in MAG Silver in the 2nd quarter valued at approximately $799,000. Marshall Wace LLP raised its holdings in MAG Silver by 37.6% in the 2nd quarter. Marshall Wace LLP now owns 21,900 shares of the company's stock valued at $463,000 after buying an additional 5,988 shares during the last quarter. Finally, Guggenheim Capital LLC raised its holdings in MAG Silver by 22.9% in the 2nd quarter. Guggenheim Capital LLC now owns 114,266 shares of the company's stock valued at $2,414,000 after buying an additional 21,292 shares during the last quarter. 52.50% of the stock is currently owned by institutional investors and hedge funds. About MAG Silver (Get Free Report)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.Featured ArticlesFive stocks we like better than MAG SilverHow to Plot Fibonacci Price Inflection Levels Brinker Serves Up Earnings Beat, Sidesteps Cost PressuresHow is Compound Interest Calculated?Data Centers Create a Bull Case for These Nuclear 3 StocksInvesting in the High PE Growth Stocks Tesla’s Pennant Just Snapped: Here’s What It Means for the Stock This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in MAG Silver Right Now?Before you consider MAG Silver, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MAG Silver wasn't on the list.While MAG Silver currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here