Investing.com - MAG Silver reported on Monday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
MAG Silver announced earnings per share of $0.08 on revenue of $25.21M. Analysts polled by Investing.com EPS of $0.09 on revenue of $23.5M.
MAG Silver 's are down 45% and is trading at $15.87 , still down 24.25% from its 52 week high of $20.95 set on Monday, November 15, 2021.
MAG Silver shares lost 1.67% to trade at $15.87 in intra-day trade the report.
MAG Silver follows other major Materials sector earnings this month
MAG Silver's report follows an earnings beat by Vale ADR on Thursday, October 27, 2022, who reported EPS of $0.98 on revenue of $9.93B, EPS of $0.5594 on revenue of $10.15B.
Air Products had beat expectations on Thursday, November 3, 2022 with fourth quarter EPS of $2.89 on revenue of $3.57B, for EPS of $2.77 on revenue of $3.21B.
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