MAG Silver Corp. (TSE:MAG – Free Report) (NYSEAMERICAN:MAG) – Investment analysts at Cormark lowered their FY2024 earnings per share (EPS) estimates for MAG Silver in a research report issued to clients and investors on Tuesday, August 6th. Cormark analyst N. Dion now anticipates that the company will earn $0.92 per share for the year, down from their prior estimate of $0.95. The consensus estimate for MAG Silver’s current full-year earnings is $0.70 per share. Cormark also issued estimates for MAG Silver’s FY2025 earnings at $0.82 EPS.
MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) last issued its quarterly earnings results on Tuesday, May 14th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.05.
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MAG Silver Price Performance
Shares of MAG Silver stock traded up C$0.04 during mid-day trading on Thursday, reaching C$16.51. 110,629 shares of the stock traded hands, compared to its average volume of 227,557. The business has a 50-day moving average of C$17.40 and a 200 day moving average of C$15.61. MAG Silver has a fifty-two week low of C$11.15 and a fifty-two week high of C$19.65. The stock has a market capitalization of C$1.70 billion, a PE ratio of 21.44, a PEG ratio of 0.84 and a beta of 1.03. The company has a quick ratio of 25.31, a current ratio of 14.66 and a debt-to-equity ratio of 0.02.
Insider Transactions at MAG Silver
In other news, Senior Officer Marc Justin Turcotte sold 4,208 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of C$17.22, for a total transaction of C$72,446.61. Company insiders own 0.96% 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.
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