MAG Silver Corp reports results for the quarter ended September 30 - Earnings Summary

MAG Silver

12/11/2024 13:38

* MAG Silver Corp  MAG.TO  reported quarterly adjusted
earnings of
22 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 9 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 19 cents per share. Wall Street
expected results to range from 9 cents to 27 cents per share.
    * Reported revenue was zero​; analysts expected $12.50
million. 
    * MAG Silver Corp's reported EPS for the quarter was 22
cents​.
    * The company reported quarterly net income of $22.29
million.
    * MAG Silver Corp shares had risen by 11.3% this quarter and
gained 53.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 23.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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." 
    * 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$25.00 
This summary was machine generated from LSEG data November 12 at
01:38 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
 Sep. 30 2024      0.19           0.22           Beat
 Jun. 30 2024      0.16           0.21           Beat
 Mar. 31 2024      0.12           0.14           Beat
 Dec. 31 2023      0.13           0.15           Beat