-$0.02 Earnings Per Share Expected for MAG Silver Corporation (MAG) This Quarter

Equities research analysts expect MAG Silver Corporation (NASDAQ:MAG) to post earnings per share of ($0.02) for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for MAG Silver’s earnings. MAG Silver posted earnings per share of ($0.01) in the same quarter last year, which suggests a negative year-over-year growth rate of 100%. The business is scheduled to announce its next quarterly earnings results on Monday, November 12th.

On average, analysts expect that MAG Silver will report full-year earnings of ($0.04) per share for the current fiscal year, with EPS estimates ranging from ($0.05) to ($0.03). For the next year, analysts expect that the company will post earnings of ($0.06) per share, with EPS estimates ranging from ($0.07) to ($0.05). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow MAG Silver.

MAG Silver (NASDAQ:MAG) last issued its earnings results on Tuesday, August 14th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01).

Separately, National Bank Financial restated an “outperform spec market weight” rating on shares of MAG Silver in a research note on Sunday, August 12th.

Shares of NASDAQ MAG traded down $0.05 during trading hours on Friday, reaching $7.30. The stock had a trading volume of 356,861 shares, compared to its average volume of 248,667. MAG Silver has a twelve month low of $7.04 and a twelve month high of $12.78.

MAG Silver Company Profile

MAG Silver Corp. focuses on acquiring, exploring, and development of mineral properties in Canada. It explores for copper, gold, silver, lead, and zinc deposits. The company primarily holds interests in the Juanicipio property covering 7,679 hectares located in the Fresnillo District, Zacatecas State, Mexico.

Recommended Story: Determine Your Level of Risk Tolerance

Get a free copy of the Zacks research report on MAG Silver (MAG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for MAG Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MAG Silver and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply