MAG Silver Corp. (NYSEAMERICAN:MAG – Free Report) – Equities researchers at Stifel Canada issued their Q3 2024 earnings estimates for MAG Silver in a research report issued to clients and investors on Monday, October 21st. Stifel Canada analyst S. Soock forecasts that the company will post earnings of $0.15 per share for the quarter. The consensus estimate for MAG Silver’s current full-year earnings is $0.69 per share. Stifel Canada also issued estimates for MAG Silver’s FY2024 earnings at $0.67 EPS.
MAG Silver (NYSEAMERICAN:MAG – Get Free Report) last issued its earnings results on Friday, August 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02.
Check Out Our Latest Analysis on MAG Silver
MAG Silver Trading Down 2.3 %
MAG stock opened at $17.45 on Thursday. MAG Silver has a 1 year low of $8.19 and a 1 year high of $18.01. The firm has a market capitalization of $1.80 billion, a PE ratio of 30.78 and a beta of 1.15.
Hedge Funds Weigh In On MAG Silver
A number of hedge funds have recently modified their holdings of the company. Van ECK Associates Corp raised its position in shares of MAG Silver by 7.5% during the 1st quarter. Van ECK Associates Corp now owns 9,981,600 shares of the company’s stock valued at $105,603,000 after purchasing an additional 696,140 shares during the period. Jupiter Asset Management Ltd. increased its stake in MAG Silver by 6.5% in the 1st quarter. Jupiter Asset Management Ltd. now owns 2,517,445 shares of the company’s stock worth $26,584,000 after buying an additional 153,274 shares in the last quarter. Tidal Investments LLC bought a new stake in MAG Silver during the first quarter valued at about $22,518,000. Azarias Capital Management L.P. lifted its position in shares of MAG Silver by 73.7% in the first quarter. Azarias Capital Management L.P. now owns 1,405,136 shares of the company’s stock valued at $14,866,000 after acquiring an additional 596,283 shares in the last quarter. Finally, TD Asset Management Inc boosted its stake in shares of MAG Silver by 118.3% in the second quarter. TD Asset Management Inc now owns 1,063,055 shares of the company’s stock worth $12,415,000 after acquiring an additional 576,156 shares during the period. 52.50% of the stock is currently owned by institutional investors.
About MAG Silver
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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