MAG Silver Corp to Post Q3 2020 Earnings of $0.00 Per Share, Raymond James Forecasts (TSE:MAG)
MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG) – Equities research analysts at Raymond James increased their Q3 2020 earnings per share estimates for shares of MAG Silver in a research note issued on Wednesday, September 23rd. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $0.00 per share for the quarter, up from their prior forecast of ($0.03). Raymond James has a “Outperform” rating and a $26.00 price target on the stock. Raymond James also issued estimates for MAG Silver’s Q4 2020 earnings at $0.03 EPS, FY2020 earnings at ($0.17) EPS, Q4 2021 earnings at $0.40 EPS and FY2021 earnings at $0.75 EPS.
MAG has been the topic of several other research reports. National Bank Financial upped their price target on MAG Silver from C$28.00 to C$29.00 in a research note on Friday, September 11th. TD Securities lowered MAG Silver from a “speculative buy” rating to a “hold” rating and upped their price target for the company from C$26.00 to C$27.00 in a research note on Friday, July 24th. Finally, Pi Financial upped their price target on MAG Silver from C$25.00 to C$26.50 in a research note on Friday, August 28th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. MAG Silver has an average rating of “Buy” and an average price target of C$22.54.
MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$0.02 EPS for the quarter, topping analysts’ consensus estimates of C($0.02) by C$0.04.
In other MAG Silver news, Director Daniel Thomas Macinnis sold 25,000 shares of the stock in a transaction dated Monday, July 27th. The stock was sold at an average price of C$24.00, for a total value of C$600,000.00. Following the transaction, the director now owns 217,488 shares of the company’s stock, valued at C$5,219,712. Also, Senior Officer Peter Megaw sold 75,000 shares of the stock in a transaction dated Friday, July 17th. The shares were sold at an average price of C$20.56, for a total value of C$1,542,000.00. Following the completion of the transaction, the insider now directly owns 10,350 shares in the company, valued at approximately C$212,796. Insiders sold 202,600 shares of company stock worth $4,254,778 in the last three months.
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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