MAG Silver Corp. (NYSEAMERICAN:MAG – Get Rating) – Investment analysts at Raymond James increased their Q2 2022 earnings per share (EPS) estimates for shares of MAG Silver in a report issued on Tuesday, May 17th. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $0.05 for the quarter, up from their previous forecast of $0.04.
MAG Silver (NYSEAMERICAN:MAG – Get Rating) last announced its quarterly earnings data on Thursday, March 31st. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.05.
Shares of NYSEAMERICAN:MAG opened at $13.17 on Thursday. MAG Silver has a 52-week low of $12.05 and a 52-week high of $24.13. The stock has a market capitalization of $1.29 billion, a PE ratio of 164.65 and a beta of 1.10.
A number of hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in shares of MAG Silver by 0.4% in the third quarter. Royal Bank of Canada now owns 1,934,268 shares of the company’s stock valued at $31,335,000 after buying an additional 7,077 shares in the last quarter. Hedges Asset Management LLC acquired a new stake in shares of MAG Silver in the fourth quarter worth approximately $642,000. CIBC Asset Management Inc boosted its stake in shares of MAG Silver by 7.8% in the fourth quarter. CIBC Asset Management Inc now owns 73,765 shares of the company’s stock worth $1,156,000 after acquiring an additional 5,353 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of MAG Silver in the fourth quarter worth approximately $2,156,000. Finally, National Bank of Canada FI acquired a new stake in shares of MAG Silver in the fourth quarter worth approximately $829,000. Institutional investors own 48.55% of the company’s stock.
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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