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

• MAG Silver Corp MAG.TO reported quarterly adjusted earnings of 32 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 21 cents. The mean expectation of six analysts for the quarter was for earnings of 26 cents per share. Wall Street expected results to range from 21 cents to 31 cents per share.

• Reported revenue was zero​; analysts expected zero.

• MAG Silver Corp's reported EPS for the quarter was 32 cents​.

• The company reported quarterly net income of $33.44 million.

• MAG Silver Corp shares had risen by 10.1% this quarter and gained 63.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the non-gold precious metals & minerals peer group is "buy."

• Wall Street's median 12-month price target for MAG Silver Corp is C$29.30, about 8.7% below its last closing price of C$31.85

This summary was machine generated from LSEG data August 11 at 01:31 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)