Zacks: Analysts Anticipate MAG Silver Corporation (NASDAQ:MAG) to Announce -$0.02 EPS

Wall Street brokerages expect MAG Silver Corporation (NASDAQ:MAG) to post earnings per share (EPS) 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 ($0.04) during the same quarter last year, which would indicate a positive year-over-year growth rate of 50%. The company is scheduled to announce its next quarterly earnings results on Monday, April 6th.

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 ($0.06) to ($0.05). For the next financial year, analysts expect that the company will post earnings of $0.77 per share. Zacks’ EPS calculations are a mean average based on a survey of analysts that follow MAG Silver.

Separately, BidaskClub cut shares of MAG Silver from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th.

Shares of MAG traded down $0.47 during trading hours on Friday, reaching $10.77. The stock had a trading volume of 536,876 shares, compared to its average volume of 437,989. MAG Silver has a 52 week low of $8.89 and a 52 week high of $14.00. The firm has a 50-day moving average of $10.74 and a 200 day moving average of $10.90.

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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