Zacks: Brokerages Expect MAG Silver Corporation (MAG) to Post -$0.02 EPS

Analysts expect that MAG Silver Corporation (NASDAQ:MAG) will report ($0.02) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for MAG Silver’s earnings. MAG Silver reported earnings of ($0.05) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 60%. The firm is expected to announce its next quarterly earnings results on Monday, March 25th.

According to Zacks, 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 financial year, analysts forecast that the business will report earnings of ($0.06) per share, with EPS estimates ranging from ($0.07) to ($0.05). Zacks’ EPS calculations are a mean average based on a survey of research firms that cover MAG Silver.

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

Shares of MAG opened at $6.71 on Wednesday. MAG Silver has a 52 week low of $6.12 and a 52 week 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.

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