MAG Silver Corp. (NYSEAMERICAN:MAG – Free Report) – Equities researchers at Raymond James increased their Q3 2024 earnings per share (EPS) estimates for MAG Silver in a research note issued to investors on Thursday, October 24th. Raymond James analyst B. Macarthur now forecasts that the company will earn $0.24 per share for the quarter, up from their previous forecast of $0.20. The consensus estimate for MAG Silver’s current full-year earnings is $0.69 per share. Raymond James also issued estimates for MAG Silver’s FY2024 earnings at $0.77 EPS.
MAG Silver (NYSEAMERICAN:MAG – Get Free Report) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02.
View Our Latest Stock Report on MAG Silver
MAG Silver Price Performance
Shares of MAG Silver stock opened at $17.43 on Monday. The stock has a market capitalization of $1.80 billion, a P/E ratio of 30.05 and a beta of 1.15. MAG Silver has a one year low of $8.19 and a one year high of $18.01.
Institutional Investors Weigh In On MAG Silver
Hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new stake in shares of MAG Silver during the third quarter valued at about $148,000. Veracity Capital LLC lifted its stake in MAG Silver by 16.8% in the 3rd quarter. Veracity Capital LLC now owns 16,653 shares of the company’s stock worth $234,000 after purchasing an additional 2,396 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in MAG Silver by 304.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 25,569 shares of the company’s stock valued at $299,000 after purchasing an additional 19,253 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in shares of MAG Silver during the 2nd quarter valued at $161,000. Finally, Mackenzie Financial Corp increased its holdings in shares of MAG Silver by 310.5% in the second quarter. Mackenzie Financial Corp now owns 190,385 shares of the company’s stock worth $2,224,000 after purchasing an additional 144,007 shares during the period. Institutional investors own 52.50% 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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