MAG Silver Corp. (NYSEAMERICAN:MAG – Free Report) – Stock analysts at Roth Capital boosted their Q2 2024 earnings estimates for shares of MAG Silver in a report released on Wednesday, April 24th. Roth Capital analyst J. Reagor now forecasts that the company will post earnings of $0.19 per share for the quarter, up from their previous forecast of $0.17. The consensus estimate for MAG Silver’s current full-year earnings is $0.53 per share. Roth Capital also issued estimates for MAG Silver’s Q3 2024 earnings at $0.18 EPS, Q4 2024 earnings at $0.16 EPS and FY2024 earnings at $0.68 EPS.
MAG Silver (NYSEAMERICAN:MAG – Get Free Report) last released its quarterly earnings data on Tuesday, March 19th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01.
Read Our Latest Stock Report on MAG Silver
MAG Silver Stock Performance
Shares of MAG opened at $12.97 on Friday. MAG Silver has a 52 week low of $8.19 and a 52 week high of $13.62. The stock has a market capitalization of $1.34 billion, a P/E ratio of 27.60 and a beta of 1.15.
Institutional Trading of MAG Silver
A number of institutional investors have recently bought and sold shares of MAG. 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 lifted its holdings in shares of MAG Silver by 11.2% during the 4th quarter. First Eagle Investment Management LLC now owns 6,380,120 shares of the company’s stock worth $66,402,000 after acquiring an additional 642,494 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of MAG Silver by 2.4% during the 3rd 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 period. Jupiter Asset Management Ltd. lifted its holdings in shares of MAG Silver by 1.7% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 2,364,171 shares of the company’s stock worth $24,551,000 after acquiring an additional 38,784 shares during the period. Finally, Invesco Ltd. lifted 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 worth $15,202,000 after acquiring an additional 118,211 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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