MAG Silver Corp. (NYSEAMERICAN:MAG – Free Report) – Equities research analysts at National Bank Financial issued their Q3 2024 EPS estimates for MAG Silver in a research note issued on Tuesday, October 22nd. National Bank Financial analyst D. Demarco expects that the company will post earnings per share of $0.21 for the quarter. The consensus estimate for MAG Silver’s current full-year earnings is $0.69 per share.
MAG Silver (NYSEAMERICAN:MAG – Get Free Report) last released its quarterly earnings results on Friday, August 2nd. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02.
Read Our Latest Stock Analysis on MAG Silver
MAG Silver Stock Performance
MAG opened at $17.80 on Thursday. MAG Silver has a fifty-two week low of $8.19 and a fifty-two week high of $18.01. The stock has a market cap of $1.84 billion, a P/E ratio of 30.69 and a beta of 1.15.
Institutional Trading of MAG Silver
Several hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new stake in shares of MAG Silver in the third quarter valued at approximately $148,000. Veracity Capital LLC raised its position in shares of MAG Silver by 16.8% in the third quarter. Veracity Capital LLC now owns 16,653 shares of the company’s stock valued at $234,000 after purchasing an additional 2,396 shares during the period. Cubist Systematic Strategies LLC raised its position in shares of MAG Silver by 304.8% in the second quarter. Cubist Systematic Strategies LLC now owns 25,569 shares of the company’s stock valued at $299,000 after purchasing an additional 19,253 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in shares of MAG Silver in the second quarter valued at approximately $161,000. Finally, Mackenzie Financial Corp raised its position in shares of MAG Silver by 310.5% in the second quarter. Mackenzie Financial Corp now owns 190,385 shares of the company’s stock valued at $2,224,000 after purchasing an additional 144,007 shares during the period. 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.
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