MAG Silver Corp. (TSE:MAG – Free Report) (NYSEAMERICAN:MAG) – Investment analysts at HC Wainwright upped their FY2024 earnings per share estimates for MAG Silver in a note issued to investors on Thursday, April 25th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings per share of $0.81 for the year, up from their prior forecast of $0.76. The consensus estimate for MAG Silver’s current full-year earnings is $0.75 per share.
MAG Silver (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) last announced its 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.
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MAG Silver Stock Down 3.8 %
Shares of MAG stock opened at C$16.93 on Monday. The company has a market capitalization of C$1.74 billion, a price-to-earnings ratio of 26.45, a P/E/G ratio of 0.84 and a beta of 1.08. The company has a quick ratio of 25.31, a current ratio of 15.04 and a debt-to-equity ratio of 0.03. MAG Silver has a 12-month low of C$11.15 and a 12-month high of C$18.51. The firm has a fifty day moving average of C$14.20 and a 200-day moving average of C$13.92.
Insider Activity
In related news, Director George Nickolas Paspalas sold 11,634 shares of the firm’s 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. In related news, Director George Nickolas Paspalas sold 11,634 shares of the stock in a transaction on Wednesday, April 3rd. The stock was 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 the 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 quarter. Company insiders own 0.96% 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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