MAG Silver Corp. (NYSEAMERICAN:MAG – Free Report) – Research analysts at Cormark issued their Q1 2024 EPS estimates for MAG Silver in a research report issued on Monday, April 22nd. Cormark analyst N. Dion forecasts that the company will post earnings per share of $0.07 for the quarter. The consensus estimate for MAG Silver’s current full-year earnings is $0.47 per share.
MAG Silver (NYSEAMERICAN:MAG – Get Free Report) last released its earnings results on Tuesday, March 19th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01.
MAG Silver Stock Performance
Shares of MAG opened at $12.10 on Tuesday. The firm has a market cap of $1.25 billion, a P/E ratio of 25.73 and a beta of 1.15. MAG Silver has a 1-year low of $8.19 and a 1-year high of $13.62.
Hedge Funds Weigh In On MAG Silver
Hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp lifted its holdings in shares of MAG Silver by 4.4% during the 3rd quarter. Van ECK Associates Corp now owns 9,746,401 shares of the company’s stock worth $101,069,000 after acquiring an additional 406,335 shares during the period. First Eagle Investment Management LLC boosted its stake in MAG Silver by 11.2% in the fourth quarter. First Eagle Investment Management LLC now owns 6,380,120 shares of the company’s stock valued at $66,402,000 after buying an additional 642,494 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of MAG Silver by 2.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,542,545 shares of the company’s stock worth $26,403,000 after acquiring an additional 58,849 shares during the last quarter. Jupiter Asset Management Ltd. boosted its stake in shares of MAG Silver by 1.7% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 2,364,171 shares of the company’s stock valued at $24,551,000 after purchasing an additional 38,784 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of MAG Silver by 8.8% during the 3rd quarter. Invesco Ltd. now owns 1,465,920 shares of the company’s stock valued at $15,202,000 after purchasing an additional 118,211 shares during the last quarter. Institutional investors own 52.50% of the company’s stock.
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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