Zacks: Analysts Anticipate MAG Silver Corporation (NASDAQ:MAG) Will Post Earnings of -$0.01 Per Share

Wall Street brokerages forecast that MAG Silver Corporation (NASDAQ:MAG) will post earnings of ($0.01) per share for the current quarter, Zacks reports. Zero analysts have made estimates for MAG Silver’s earnings. The lowest EPS estimate is ($0.02) and the highest is ($0.01). MAG Silver reported earnings of $0.01 per share in the same quarter last year, which indicates a negative year over year growth rate of 200%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, November 12th.

According to Zacks, analysts expect that MAG Silver will report full-year earnings of ($0.06) per share for the current financial year, with EPS estimates ranging from ($0.07) to ($0.05). For the next year, analysts forecast that the firm will report earnings of $0.53 per share, with EPS estimates ranging from $0.25 to $0.80. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow MAG Silver.

MAG Silver (NASDAQ:MAG) last released its quarterly earnings results on Monday, August 12th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01).

Separately, BidaskClub cut MAG Silver from a “hold” rating to a “sell” rating in a report on Saturday.

NASDAQ MAG traded down $0.48 during trading hours on Tuesday, reaching $9.57. The company’s stock had a trading volume of 385,396 shares, compared to its average volume of 349,221. MAG Silver has a 1-year low of $6.12 and a 1-year high of $14.00. The company’s 50-day moving average is $11.42 and its two-hundred day moving average is $10.75.

About MAG Silver

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.

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