MAG Silver Corporation (MAG) Expected to Announce Earnings of -$0.01 Per Share

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Wall Street analysts expect that MAG Silver Corporation (NASDAQ:MAG) will announce earnings of ($0.01) per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for MAG Silver’s earnings. MAG Silver reported earnings of ($0.05) per share during the same quarter last year, which indicates a positive year over year growth rate of 80%. The business is scheduled to announce its next earnings results on Monday, March 25th.

On average, analysts expect that MAG Silver will report full-year earnings of ($0.04) per share for the current financial year, with EPS estimates ranging from ($0.04) to ($0.03). For the next financial year, analysts forecast that the company will report earnings of ($0.06) per share, with EPS estimates ranging from ($0.07) to ($0.05). Zacks’ EPS averages are an average based on a survey of analysts that cover MAG Silver.

MAG has been the subject of a number of recent research reports. BidaskClub raised shares of MAG Silver from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 1st. Roth Capital reaffirmed a “buy” rating on shares of MAG Silver in a research report on Wednesday, March 6th.

Shares of NASDAQ:MAG traded up $0.11 during trading on Friday, reaching $11.21. 286,526 shares of the company’s stock traded hands, compared to its average volume of 299,907. MAG Silver has a 12 month low of $6.12 and a 12 month high of $12.00.

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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