MAG Silver Corp. (TSE:MAG – Free Report) (NYSEAMERICAN:MAG) – Research analysts at Raymond James upped their Q1 2024 EPS estimates for shares of MAG Silver in a report released on Wednesday, April 24th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.19 for the quarter, up from their previous estimate of $0.14. The consensus estimate for MAG Silver’s current full-year earnings is $0.55 per share. Raymond James also issued estimates for MAG Silver’s Q2 2024 earnings at $0.25 EPS, Q3 2024 earnings at $0.25 EPS, Q4 2024 earnings at $0.25 EPS and FY2024 earnings at $0.90 EPS.
MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) last issued its earnings results on Tuesday, March 19th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.18 by C$0.01.
Check Out Our Latest Research Report on MAG
MAG Silver Stock Performance
Shares of TSE:MAG opened at C$17.74 on Thursday. The company has a market capitalization of C$1.83 billion, a price-to-earnings ratio of 27.72, a P/E/G ratio of 0.84 and a beta of 1.00. The firm’s 50 day simple moving average is C$13.98 and its 200 day simple moving average is C$13.89. The company has a debt-to-equity ratio of 0.03, a current ratio of 15.04 and a quick ratio of 25.31. MAG Silver has a fifty-two week low of C$11.15 and a fifty-two week high of C$18.51.
Insider Activity at MAG Silver
In related news, Senior Officer Michael John Curlook sold 18,779 shares of the firm’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total value of C$317,552.89. In other MAG Silver news, Director George Nickolas Paspalas sold 11,634 shares of MAG Silver stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of C$15.85, for a total transaction of C$184,398.90. Also, Senior Officer Michael John Curlook sold 18,779 shares of MAG Silver stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of C$16.91, for a total transaction of C$317,552.89. Over the last three months, insiders sold 106,704 shares of company stock valued at $1,752,125. 0.47% of the stock is owned by corporate insiders.
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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