Q1 2019 Earnings Forecast for MAG Silver Corp (TSE:MAG) Issued By Raymond James

MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG) – Equities research analysts at Raymond James issued their Q1 2019 EPS estimates for MAG Silver in a report issued on Monday, April 8th, according to Zacks Investment Research. Raymond James analyst C. Thompson expects that the company will earn ($0.03) per share for the quarter. Raymond James has a “Outperform” rating and a $19.00 price target on the stock.

A number of other equities analysts have also recently weighed in on MAG. BMO Capital Markets upped their price target on shares of MAG Silver from C$16.50 to C$17.50 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Canaccord Genuity lowered their price target on shares of MAG Silver from C$21.00 to C$19.50 in a research note on Saturday, April 13th.

Shares of TSE:MAG traded up C$0.13 on Thursday, reaching C$12.79. 98,100 shares of the company were exchanged, compared to its average volume of 178,817. MAG Silver has a 1-year low of C$8.10 and a 1-year high of C$15.59. The stock has a market cap of $1.09 billion and a PE ratio of -188.09.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its quarterly earnings results on Monday, April 1st. The company reported C($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of C($0.01) by C($0.04).

In related news, Director Derek Christopher White sold 10,000 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of C$12.50, for a total value of C$125,000.00. Following the sale, the director now directly owns 12,059 shares of the company’s stock, valued at approximately C$150,737.50. Also, Director Daniel Thomas Macinnis sold 19,337 shares of the stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of C$12.66, for a total transaction of C$244,806.42. Following the completion of the sale, the director now directly owns 341,288 shares in the company, valued at C$4,320,706.08.

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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Earnings History and Estimates for MAG Silver (TSE:MAG)

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