MAG Stock Overview

A mining and exploration company, engages in the acquisition, exploration, and advancement of mineral projects in Canada, the United States, and Mexico. More details

MAG fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	2/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 2% below our estimate of its fair value

Earnings are forecast to grow 5.54% per year

Earnings grew by 59.8% over the past year

Analysts in good agreement that stock price will rise by 35.5%

Risk Analysis

Makes less than USD$1m in revenue ($0)

High level of non-cash earnings

MAG Silver Corp. Competitors

Fortuna Mining

TSX:FVI

CA$2.8b

Silvercorp Metals

TSX:SVM

CA$1.1b

Pan American Silver

TSX:PAAS

CA$13.0b

Andean Precious Metals

TSX:APM

CA$267.1m

Price History & Performance

Summary of share price highs, lows and changes for MAG Silver
Historical stock prices
Current Share Price	CA$20.82
52 Week High	CA$25.36
52 Week Low	CA$15.64
Beta	1.29
1 Month Change	-9.91%
3 Month Change	5.42%
1 Year Change	26.80%
3 Year Change	-8.48%
5 Year Change	54.68%
Change since IPO	25,925.00%

Recent updates

Shareholder Returns

	MAG	CA Metals and Mining	CA Market
7D	9.1%	13.0%	1.3%
1Y	26.8%	21.1%	5.3%

Return vs Industry: MAG exceeded the Canadian Metals and Mining industry which returned 21.3% over the past year.

Return vs Market: MAG exceeded the Canadian Market which returned 5.3% over the past year.

Price Volatility

Is MAG's price volatile compared to industry and market?
MAG volatility
MAG Average Weekly Movement	8.2%
Metals and Mining Industry Average Movement	11.5%
Market Average Movement	9.4%
10% most volatile stocks in CA Market	17.7%
10% least volatile stocks in CA Market	3.9%

Stable Share Price: MAG has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: MAG's weekly volatility (8%) has been stable over the past year.

Community vs My Fair Value

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About the Company

Founded	Employees	CEO	Website
n/a	n/a	George Paspalas	magsilver.com

MAG Silver Corp., a mining and exploration company, engages in the acquisition, exploration, and advancement of mineral projects in Canada, the United States, and Mexico. The company explores for silver, gold, lead, copper, and zinc deposits. Its flagship property is the 44% owned Juanicipio mine located in the Fresnillo District, Zacatecas State, Mexico.

MAG Silver Corp. Fundamentals Summary

How do MAG Silver's earnings and revenue compare to its market cap?
MAG fundamental statistics
Market cap	CA$2.15b
Earnings (TTM)	CA$108.04m
Revenue (TTM)	n/a

19.9x

P/E Ratio

0.0x

P/S Ratio

Is MAG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MAG income statement (TTM)
Revenue	US$0
Cost of Revenue	US$0
Gross Profit	US$0
Other Expenses	-US$77.78m
Earnings	US$77.78m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

May 12, 2025

Earnings per share (EPS)	0.75
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did MAG perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

n/a

Payout Ratio

Does MAG pay a reliable dividends?

See MAG dividend history and benchmarks

When do you need to buy MAG by to receive an upcoming dividend?
MAG Silver dividend dates
Ex Dividend Date	Apr 04 2025
Dividend Pay Date	Apr 21 2025
Days until Ex dividend	10 days
Days until Dividend pay date	7 days

Does MAG pay a reliable dividends?

See MAG dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/04/13 00:23
End of Day Share Price	2025/04/11 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

MAG Silver Corp. is covered by 26 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Kevin O'Halloran	BMO Capital Markets Equity Research
Dalton Baretto	Canaccord Genuity
Cosmos Chiu	CIBC Capital Markets

MAG Stock Overview

Rewards

Risk Analysis

MAG Silver Corp. Competitors

TSX:FVI

CA$2.8b

TSX:SVM

CA$1.1b

TSX:PAAS

CA$13.0b

TSX:APM

CA$267.1m

Price History & Performance

Recent News & Updates

MAG Silver Corp., Annual General Meeting, Jun 18, 2025

Investor sentiment deteriorates as stock falls 18%

MAG Silver Corp. Announces Inaugural Dividend, Payable on April 21, 2025

Investor sentiment improves as stock rises 17%

MAG Silver Corp. to Report Q3, 2025 Results on Nov 10, 2025

MAG Silver Corp. Provides Exploration Update and Outlook for Larder and Deer Trail Projects

Recent updates

MAG Silver Corp., Annual General Meeting, Jun 18, 2025

Investor sentiment deteriorates as stock falls 18%

MAG Silver Corp. Announces Inaugural Dividend, Payable on April 21, 2025

Investor sentiment improves as stock rises 17%

MAG Silver Corp. to Report Q3, 2025 Results on Nov 10, 2025

MAG Silver Corp. Provides Exploration Update and Outlook for Larder and Deer Trail Projects

Now 24% undervalued

New major risk - Revenue and earnings growth

MAG Silver Corp. Appoints John Armstrong to the Board of Directors

Consensus revenue estimates decrease by 34%, EPS upgraded

MAG Silver Corp. Provides Production Guidance for the Full Year 2025

Consensus revenue estimates increase by 48%

MAG Silver Corp. Announces Retirement of Michael Curlook from Investor Relations Team

President recently sold CA$1.1m worth of stock

MAG Silver Corp. to Report Q3, 2024 Results on Nov 08, 2024

Insufficient new directors

MAG Silver Corp. Provides Update on Silver King Fire in Piute County, Central Utah

New major risk - Earnings quality

New major risk - Revenue and earnings growth

Now 22% undervalued

MAG Silver Corp. to Report Q1, 2024 Results on May 14, 2024

MAG Silver Corp., Annual General Meeting, Jun 17, 2024

Chief Exploration Officer exercised options and sold CA$223k worth of stock

Investor sentiment improves as stock rises 17%

MAG Silver Corp. Announces Robust Updated Technical Report for Juanicipio

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

MAG Silver Corp. Announces Board Changes

MAG Silver Corp. to Report Q3, 2023 Results on Nov 10, 2023

Investor sentiment improves as stock rises 15%

Consensus revenue estimates fall by 43%

Mag Silver Corp. Drills Three New Silver, Gold and Copper Zones At Deer Trail

MAG Silver Corp. to Report Q2, 2023 Results on Aug 07, 2023

MAG Silver Corp. Announces That Commercial Production Has Been Achieved At the Juanicipio Project

Chief Exploration Officer exercised options and sold CA$736k worth of stock

MAG Silver Corp. announced that it has received CAD 23.024438 million in funding

Consensus revenue estimates increase by 25%, EPS downgraded

Now 20% undervalued

MAG Silver Corp. announced that it expects to receive CAD 20.02125 million in funding

MAG Silver Corp. Discovers “Carissa” Zone At Deer Trail

MAG Silver Corp. Reports on the Juanicipio Project

Insider exercised options and sold CA$121k worth of stock

Insider recently sold CA$1.4m worth of stock

Consensus EPS estimates fall by 14%

Consensus forecasts updated

Mag Silver Corp. Reports Third Quarter Metal Production from the Juanicipio Project

Investor sentiment improved over the past week

President recently sold CA$251k worth of stock

Consensus forecasts updated

Consensus forecasts updated

Consensus forecasts updated

Independent Director recently bought CA$54k worth of stock

Independent Director recently bought CA$64k worth of stock

Consensus forecasts updated

Corporate Secretary exercised options to buy CA$95k worth of stock.

Consensus revenue estimates increase by 82%

MAG Silver Corp. (TSX:MAG) completed the acquisition of Gatling Exploration Inc. (TSXV:GTR) from Sprott Asset Management LP and others.

Consensus forecasts updated

MAG Silver Corp., Annual General Meeting, Jun 22, 2022