MAG Silver Corp reports results for the quarter ended in December - Earnings Summary

MAG Silver

19/03/2024 13:32

* MAG Silver Corp  MAG.TO  reported quarterly adjusted
earnings of
15 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of -1 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 13 cents per share. Wall Street
expected results to range from 10 cents to 21 cents per share.
    * Revenue rose 146.1% to $726.00 thousand from a year ago;
analysts expected zero. 
    * MAG Silver Corp's reported EPS for the quarter was 15
cents​.
    * The company reported quarterly net income of $15.69
million.
    * MAG Silver Corp shares had fallen by 9.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 7.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the non-gold
precious
metals & minerals peer group is also "buy"

Wall Street's median 12-month price target for MAG Silver Corp
is C$20.14 
This summary was machine generated from LSEG data March 19 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.13           0.15           Beat
 Sep. 30 2023      0.16           0.09           Missed
 Jun. 30 2023      0.14           0.19           Beat
 Mar. 31 2023      0.09           0.05           Missed