MAG Silver Corp. (TSE:MAG – Free Report) (NYSEAMERICAN:MAG) – Equities researchers at Raymond James increased their Q1 2024 earnings estimates for MAG Silver in a research report issued on Wednesday, April 24th. Raymond James analyst B. Macarthur now expects that the company will earn $0.19 per share 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 quarterly earnings results on Tuesday, March 19th. The company reported C$0.19 EPS for the quarter, topping the consensus estimate of C$0.18 by C$0.01.
Get Our Latest Stock Analysis on MAG Silver
MAG Silver Stock Performance
Shares of MAG stock opened at C$17.74 on Thursday. The company’s fifty day simple moving average is C$13.98 and its 200-day simple moving average is C$13.89. MAG Silver has a 52 week low of C$11.15 and a 52 week high of C$18.51. The company has a current ratio of 15.04, a quick ratio of 25.31 and a debt-to-equity ratio of 0.03. The company has a market cap of C$1.83 billion, a PE ratio of 27.72, a P/E/G ratio of 0.84 and a beta of 1.00.
Insiders Place Their Bets
In other MAG Silver news, Director George Nickolas Paspalas sold 11,634 shares of the firm’s 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. In other news, Director George Nickolas Paspalas sold 11,634 shares of MAG Silver stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of C$15.85, for a total value of C$184,398.90. Also, Senior Officer Michael John Curlook sold 18,779 shares of MAG Silver stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total transaction of C$317,552.89. Insiders sold a total of 106,704 shares of company stock valued at $1,752,125 in the last ninety days. Corporate insiders own 0.47% of the company’s stock.
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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