MAG Silver Corp. (NYSEAMERICAN:MAG – Free Report) – Stock analysts at Roth Capital increased their Q3 2024 earnings per share (EPS) estimates for shares of MAG Silver in a research note issued to investors on Thursday, October 24th. Roth Capital analyst J. Reagor now forecasts that the company will post earnings per share of $0.27 for the quarter, up from their previous estimate of $0.22. Roth Capital currently has a “Hold” rating on the stock. The consensus estimate for MAG Silver’s current full-year earnings is $0.69 per share. Roth Capital also issued estimates for MAG Silver’s FY2024 earnings at $0.86 EPS.
MAG Silver (NYSEAMERICAN:MAG – Get Free Report) last issued its earnings results on Friday, August 2nd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02.
MAG Silver Stock Performance
NYSEAMERICAN MAG opened at $17.85 on Friday. MAG Silver has a fifty-two week low of $8.19 and a fifty-two week high of $18.01. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 30.78 and a beta of 1.15.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Tidal Investments LLC bought a new position in MAG Silver in the 1st quarter worth approximately $22,518,000. Allspring Global Investments Holdings LLC bought a new position in MAG Silver in the 2nd quarter worth approximately $9,932,000. Van ECK Associates Corp raised its position in MAG Silver by 7.5% in the 1st quarter. Van ECK Associates Corp now owns 9,981,600 shares of the company’s stock worth $105,603,000 after purchasing an additional 696,140 shares during the last quarter. Azarias Capital Management L.P. raised its position in MAG Silver by 73.7% in the 1st quarter. Azarias Capital Management L.P. now owns 1,405,136 shares of the company’s stock worth $14,866,000 after purchasing an additional 596,283 shares during the last quarter. Finally, TD Asset Management Inc raised its position in MAG Silver by 118.3% in the 2nd quarter. TD Asset Management Inc now owns 1,063,055 shares of the company’s stock worth $12,415,000 after purchasing an additional 576,156 shares during the last quarter. 52.50% of the stock is owned by institutional investors and hedge funds.
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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