MAG Silver Corp. (TSE:MAG – Free Report) (NYSEAMERICAN:MAG) – Equities researchers at Cormark dropped their FY2024 earnings estimates for shares of MAG Silver in a note issued to investors on Tuesday, August 6th. Cormark analyst N. Dion now anticipates that the company will post earnings of $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 for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.05.
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MAG Silver Stock Performance
Shares of TSE:MAG traded up C$0.04 during midday trading on Thursday, reaching C$16.51. The company had a trading volume of 110,629 shares, compared to its average volume of 227,557. The company’s 50 day moving average price is C$17.40 and its 200 day moving average price is C$15.61. The company has a current ratio of 14.66, a quick ratio of 25.31 and a debt-to-equity ratio of 0.02. The stock has a market cap of C$1.70 billion, a P/E ratio of 21.44, a P/E/G ratio of 0.84 and a beta of 1.03. MAG Silver has a 52-week low of C$11.15 and a 52-week high of C$19.65.
Insider Transactions at MAG Silver
In other news, Senior Officer Marc Justin Turcotte sold 4,208 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of C$17.22, for a total transaction of C$72,446.61. 0.96% of the stock is owned by 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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