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

Brokerages forecast that MAG Silver Corporation (NASDAQ:MAG) will announce earnings per share of ($0.01) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for MAG Silver’s earnings. The highest EPS estimate is $0.00 and the lowest is ($0.02). MAG Silver reported earnings per share of ($0.03) in the same quarter last year, which would indicate a positive year-over-year growth rate of 66.7%. The company is scheduled to report its next earnings report on Tuesday, August 13th.

On average, analysts expect that MAG Silver will report full-year earnings of ($0.06) per share for the current fiscal year, with EPS estimates ranging from ($0.08) to ($0.03). For the next fiscal year, analysts forecast that the company will report earnings of $0.46 per share, with EPS estimates ranging from $0.20 to $0.80. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover MAG Silver.

MAG Silver (NASDAQ:MAG) last announced its quarterly earnings data on Friday, May 10th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01.

Separately, BidaskClub upgraded MAG Silver from a “hold” rating to a “buy” rating in a report on Thursday.

Shares of NASDAQ MAG traded up $0.51 during trading on Wednesday, hitting $11.82. 640 shares of the company were exchanged, compared to its average volume of 305,614. MAG Silver has a 12-month low of $6.12 and a 12-month high of $12.36. The company’s fifty day moving average is $10.96.

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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