Brokerages Anticipate MAG Silver Corp. (NYSE:MAG) Will Post Earnings of $0.10 Per Share – MarketBeat

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Analysts expect MAG Silver Corp. (NYSE:MAGGet Rating) to report $0.10 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for MAG Silver’s earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.05. MAG Silver posted earnings of $0.03 per share during the same quarter last year, which suggests a positive year over year growth rate of 233.3%. The firm is expected to report its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that MAG Silver will report full-year earnings of $0.71 per share for the current year, with EPS estimates ranging from $0.28 to $1.00. For the next financial year, analysts anticipate that the firm will report earnings of $1.45 per share, with EPS estimates ranging from $1.17 to $1.96. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover MAG Silver.
MAG Silver (NYSE:MAGGet Rating) last issued its quarterly earnings results on Monday, May 16th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.07).
Separately, StockNews.com raised shares of MAG Silver to a “sell” rating in a research report on Friday, April 1st.
NYSE MAG traded down $0.59 on Friday, reaching $15.07. The company had a trading volume of 296,485 shares, compared to its average volume of 491,887. The stock’s 50 day moving average is $15.20. MAG Silver has a 12 month low of $12.05 and a 12 month high of $24.13. The stock has a market cap of $1.47 billion, a PE ratio of 115.92 and a beta of 1.07.
About MAG Silver (Get Rating)
MAG Silver Corp. engages in the exploration and development of precious metal mining properties. The company explores for silver, gold, lead, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. The company is headquartered in Vancouver, Canada.
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