FY2021 Earnings Estimate for MAG Silver Corp (NYSEAMERICAN:MAG) Issued By Raymond James

MAG Silver Corp (NYSEAMERICAN:MAG) – Equities research analysts at Raymond James decreased their FY2021 earnings estimates for MAG Silver in a research report issued on Tuesday, September 8th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $0.33 per share for the year, down from their prior forecast of $0.34.

A number of other research firms have also commented on MAG. HC Wainwright reduced their price objective on shares of MAG Silver from $23.00 to $22.50 and set a “buy” rating on the stock in a research note on Wednesday. Stifel Nicolaus started coverage on shares of MAG Silver in a report on Monday, July 6th. They set a “buy” rating and a $25.00 price objective for the company. TD Securities downgraded shares of MAG Silver from a “speculative buy” rating to a “hold” rating in a research note on Friday, July 24th. Pi Financial raised their price objective on shares of MAG Silver from $25.00 to $26.50 and gave the company a “buy” rating in a research report on Friday, August 28th. Finally, Zacks Investment Research lowered shares of MAG Silver from a “buy” rating to a “hold” rating in a research report on Wednesday, August 19th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. MAG Silver presently has an average rating of “Buy” and an average target price of $21.88.

MAG stock opened at $15.84 on Friday. The stock’s 50 day moving average is $11.08. MAG Silver has a 1 year low of $3.84 and a 1 year high of $18.25.

MAG Silver (NYSEAMERICAN:MAG) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Center for Financial Planning Inc. bought a new position in shares of MAG Silver during the second quarter valued at approximately $28,000. Kore Private Wealth LLC bought a new position in MAG Silver in the second quarter valued at approximately $31,000. Legal & General Group Plc boosted its position in shares of MAG Silver by 70.4% during the first quarter. Legal & General Group Plc now owns 3,736 shares of the company’s stock worth $29,000 after purchasing an additional 1,544 shares in the last quarter. Citigroup Inc. boosted its position in shares of MAG Silver by 45.4% during the first quarter. Citigroup Inc. now owns 4,556 shares of the company’s stock worth $34,000 after purchasing an additional 1,422 shares in the last quarter. Finally, Banco de Sabadell S.A bought a new position in shares of MAG Silver during the first quarter worth $40,000.

About MAG Silver

MAG Silver Corp. focuses on acquiring, exploring, and development of mineral properties in Mexico. It explores for silver, gold, lead, and zinc deposits. The company primarily holds interest in the Juanicipio property covering an area of approximately 7,679 hectares located in the Fresnillo District, Zacatecas State, Mexico.

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Earnings History and Estimates for MAG Silver (NYSEAMERICAN:MAG)

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