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Magna International Inc. (MG.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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119.52+2.61 (+2.23%)
At close: 4:00PM EDT
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Previous Close116.91
Bid119.55 x 0
Ask119.59 x 0
Day's Range115.63 - 119.99
52 Week Range49.25 - 123.50
Avg. Volume806,508
Market Cap35.232B
Beta (5Y Monthly)1.60
PE Ratio (TTM)38.65
EPS (TTM)3.09
Earnings DateAug. 05, 2021 - Aug. 09, 2021
Forward Dividend & Yield2.11 (1.77%)
Ex-Dividend DateMar. 04, 2021
1y Target Est66.02
  • Magna Announces 2021 Annual Meeting Results

    Magna Announces 2021 Annual Meeting Results

    AURORA, Ontario, May 06, 2021 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2021 annual meeting of shareholders held on May 6, 2021. A total of 242,383,350 Common Shares or 80.43% of our issued and outstanding Common Shares were represented in person or by proxy at the meeting. Shareholders voted in favour of each item of business, as follows: a. Election of Directors NomineeVotes FORNomineeVotes FORPeter G. Bowie99.81%Mary Lou Maher99.77%Mary S. Chan99.15%Cynthia A. Niekamp99.93%Hon. V. Peter Harder99.10%William A. Ruh99.94%Seetarama S. Kotagiri (CEO)99.77%Dr. Indira V. Samarasekera98.13%Dr. Kurt J. Lauk99.56%Lisa S. Westlake99.12%Robert F. MacLellan99.53%William L. Young97.25% b. Other Items of Business ItemVotes FORReappointment of Deloitte99.68%Say on Pay93.33% Based on the voting results, each of the 12 nominees was elected with a substantial majority. Similarly, Deloitte was reappointed as Magna’s independent auditors and the Say on Pay resolution was approved, in each case by a substantial majority. Detailed voting results are included as Appendix “A” to this press release. INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relations │ 905.726.7035 MEDIA CONTACT Tracy Fuerst, Vice-President, Corporate Communications & PR │ 248.631.5396 OUR BUSINESS (1)Magna is more than one of the world’s largest suppliers in the automotive space. We are a mobility technology company with a global, entrepreneurial-minded team of 158,000 employees and an organizational structure designed to innovate like a startup. With 60+ years of expertise, and a systems approach to design, engineering and manufacturing that touches nearly every aspect of the vehicle, we are positioned to support advancing mobility in a transforming industry. Our global network includes 347 manufacturing operations and 84 product development, engineering and sales centres spanning 28 countries. For further information about Magna (NYSE:MGA; TSX:MG), please visit or follow us on Twitter @MagnaInt. _____________________ (1) Manufacturing operations, product development, engineering and sales centres and employee figures include certain equity-accounted operations. Appendix “A” VOTING RESULTS - 2021 ANNUAL MEETING OF SHAREHOLDERS ResolutionVotes ForVotes Withheld/Against#%#%Elect Peter G. Bowie as Director234,432,16999.81446,8130.19Elect Mary S. Chan as Director232,881,59999.151,997,3830.85Elect Hon. V. Peter Harder as Director232,770,08999.102,108,8930.90Elect Seetarama S. Kotagiri (CEO) as Director234,347,74499.77531,2380.23Elect Dr. Kurt J. Lauk as Director233,856,51099.561,022,4720.44Elect Robert F. MacLellan as Director233,763,58899.531,115,3940.47Elect Mary Lou Maher as Director234,334,99199.77543,9910.23Elect Cynthia A. Niekamp as Director234,708,19599.93170,7870.07Elect William A. Ruh as Director234,738,84499.94140,1380.06Elect Dr. Indira V. Samarasekera as Director230,484,46498.134,394,5181.87Elect Lisa S. Westlake as Director232,821,58199.122,057,4010.88Elect William L. Young as Director228,420,69697.256,458,2862.75Re-Appointment of Deloitte LLP as Auditors241,597,26999.68786,0810.32Advisory Resolution on Executive Compensation219,222,30593.3315,656,6776.67

  • 3 Cheap Canadian Stocks Trading at 52-Week Highs
    The Motley Fool

    3 Cheap Canadian Stocks Trading at 52-Week Highs

    Cheap Canadian stocks like these don't remain cheap for long, and I predict these 52-week highs will soon be a dot on the expanding horizon. The post 3 Cheap Canadian Stocks Trading at 52-Week Highs appeared first on The Motley Fool Canada.

  • Magna reports Q1 profit more than doubles from year ago, sales up 18 per cent
    The Canadian Press

    Magna reports Q1 profit more than doubles from year ago, sales up 18 per cent

    AURORA, Ont. — Magna International Inc. said a strong recovery in the global auto sector and massive growth in the Chinese market led to a first-quarter profit of US$615 million, up from US$261 million a year ago as its sales rose 18 per cent. The Ontario-based auto parts company, which keeps its books in U.S. dollars, said Thursday its profit amounted to US$2.03 per diluted share, up from 86 cents per diluted share in the first three months of 2020. Sales for the quarter totalled US$10.18 billion, up from $8.66 billion in the same quarter last year. "Following a challenging 2020 with the negative impact of COVID, particularly in the first half, we are experiencing a recovery in global vehicle demand and corresponding increase in global auto production," Magna CEO Seetarama (Swamy) Kotagiri said. "Overall, we continued our strong performance in (the first quarter), despite some of the strong challenges we faced." Magna said the increase in sales came as global light vehicle production rose 18 per cent driven by an 87 per cent increase in China. On an adjusted basis, Magna said it earned US$1.86 per diluted share, up from an adjusted profit of 86 cents per share last year. In a revised outlook for the full year, the company said it now expects total sales between US$40.2 billion and US$41.8 billion, up from earlier guidance for between US40.0 billion and US$41.6 billion. Magna chief financial officer Vince Galifi said sales were further boosted by the acquisition last year of Honglizhixin, a seat supplier to the booming Chinese market. The company's guidance for net income attributable to Magna was also increased to between US$2.2 billion and US$2.4 billion from between US$2.1 billion and US$$2.3 billion. Kotagiri said the company continues to be wary of the pandemic and the challenges and potential road bumps it could present, especially with a current shortage of semiconductor chips. However, he said there's optimism around the auto industry's continued move toward trucks and utility vehicles, which suits their expertise. Magna also said its in a competitive position for the production of battery enclosures, a part that will be needed on every high-voltage vehicle as the industry continues moving toward electric vehicles. "We already have two program awards for this technology, and there is a lot more interest in the pipeline," said Kotagiri, saying the company will work on GM's Hummer EV and Ford's F-150 pickup truck EV vehicles. This report by The Canadian Press was first published May 6, 2021. Companies in this story: (TSX:MG) The Canadian Press