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

MAG Silver

08/08/2023 09:19

* MAG Silver Corp  MAG.TO  reported quarterly adjusted
earnings of
19 cents​​ per share for the quarter ended in June. The mean
expectation of seven analysts for the quarter was for earnings
of 14 cents per share.
    * Revenue rose 3,461.1% to $641.00 thousand from a year ago;
analysts expected zero. 
    * MAG Silver Corp's reported EPS for the quarter was 19
cents​.
    * The mean earnings estimate of analysts had fallen by
about 98.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * MAG Silver Corp shares had risen by 3.7% this quarter and
lost 27.7% so far this year.
    * The company reported quarterly net income of $19.39
million.
    * Wall Street's median 12-month price target for MAG Silver
Corp
is C$24.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 08:19 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.00           0.02           Beat
 Mar. 31 2023      0.07                          
 Dec. 31 2022      0.09                          
 Sep. 30 2022      -0.01          -0.01          Met