MAG Silver (MAG.TO) Stock Price
MAG Silver Price
Revenue has compounded at 50.9% per year over the past 2 years to 92.88 M USD. Earnings per share have grown at 127.9% per year over the last 3 years. MAG Silver's net margin stands at 83.7%, up from 43.3% several years earlier. Of 12 analysts, 7 rate the stock a buy — an overall Buy consensus.
MAG Silver stock price
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Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of MAG Silver over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how MAG Silver stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing MAG Silver's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
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MAG Silver Revenue, EBIT, Net Income
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MAG Silver Income Statement, Balance Sheet, Cash Flow Statement
| REVENUEM USD |
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| REVENUE GROWTH% |
| EBITM USD |
| EBIT MARGIN% |
| NET INCOMEM USD |
| NET INCOME GROWTH% |
| DIVIDENDDIV.USD |
| SHARESM |
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025e | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| – | – | – | – | – | – | – | – | – | 40.00 | 65.00 | 92.00 | 169.00 | 153.00 | 489.00 | – |
| – | – | – | – | – | – | – | – | – | – | 62.50 | 41.54 | 83.70 | -9.47 | 219.61 | – |
| -8.00 | -9.00 | -7.00 | -7.00 | -8.00 | -8.00 | -8.00 | -9.00 | -11.00 | 28.00 | 51.00 | 79.00 | 132.00 | 113.00 | – | – |
| – | – | – | – | – | – | – | – | – | 70.00 | 78.46 | 85.87 | 78.11 | 73.86 | – | – |
| -29.00 | -16.00 | -16.00 | -55.00 | -6.00 | -5.00 | -4.00 | -7.00 | 6.00 | 17.00 | 48.00 | 77.00 | 116.00 | 88.00 | 91.00 | 79.00 |
| 141.67 | -44.83 | – | 243.75 | -89.09 | -16.67 | -20.00 | 75.00 | -185.71 | 183.33 | 182.35 | 60.42 | 50.65 | -24.14 | 3.41 | -13.19 |
| – | – | – | – | – | – | – | – | – | – | – | – | 0.25 | 0.25 | 0.25 | – |
| 60.13 | 64.11 | 69.21 | 78.48 | 81.18 | 85.52 | 86.14 | 91.11 | 95.46 | 98.56 | 102.63 | 104.17 | 104.17 | 104.17 | 104.17 | 104.17 |
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Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales MAG Silver generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue MAG Silver retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare MAG Silver's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares MAG Silver has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against MAG Silver's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
MAG Silver stock margins
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MAG Silver Stock Revenue, EBIT, Earnings per Share
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MAG Silver business model & stock analysis
MAG Silver SWOT Analysis
Strengths
[ { "heading": "1.", "text": "Strong" }, { "heading": "MAG", "text": "Silver" } ]
[ { "heading": "2.", "text": "Strategic" }, { "heading": "The", "text": "company" } ]
[ { "heading": "3.", "text": "Experienced" }, { "heading": "MAG", "text": "Silver" } ]
Weaknesses
[ { "heading": "1.", "text": "Dependence" }, { "heading": "The", "text": "company's" } ]
[ { "heading": "2.", "text": "Exploration" }, { "heading": "As", "text": "a" } ]
[ { "heading": "3.", "text": "Reliance" }, { "heading": "The", "text": "company's" } ]
Opportunities
[ { "heading": "1.", "text": "Growing" }, { "heading": "The", "text": "increasing" } ]
[ { "heading": "2.", "text": "Exploration" }, { "heading": "The", "text": "company" } ]
[ { "heading": "3.", "text": "Acquisition" }, { "heading": "MAG", "text": "Silver" } ]
Threats
[ { "heading": "1.", "text": "Price" }, { "heading": "The", "text": "volatility" } ]
[ { "heading": "2.", "text": "Regulatory" }, { "heading": "Mining", "text": "activities" } ]
[ { "heading": "3.", "text": "Competitive" }, { "heading": "The", "text": "silver" } ]
MAG Silver Eulerpool Fair Value
Details
Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
MAG Silver historical P/E ratio, EBIT multiple, and P/S ratio
MAG Silver annual returns
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Annual Return
ⓘWhat This Chart Shows
This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
MAG Silver shares outstanding
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MAG Silver Dividend History
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MAG Silver dividend history and estimates
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MAG Silver dividend payout ratio
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Current MAG Silver forecasts and price targets in August 2026
Analyst Price Targets 2026MAG Silver Analyst Rating Actions
| Date | Firm | Action | Rating | Reliability |
|---|---|---|---|---|
| 8/12/2025 | Maintained | Sector Outperform | 75 | |
| 8/12/2025 | Maintained | Neutral | – | |
| 7/24/2025 | Downgrade | BuyNeutral | – | |
| 7/1/2025 | Maintained | Neutral | – | |
| 4/24/2025 | Maintained | Buy | – | |
| 4/14/2025 | Maintained | Sector Outperform | 75 | |
| 3/25/2025 | Maintained | Neutral | – | |
| 3/25/2025 | Maintained | Buy | – | |
| 2/25/2025 | Maintained | Buy | – | |
| 1/30/2025 | Maintained | Buy | – |
Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.
MAG Silver Earnings Estimates & Surprises
| Date | EPS estimate | EPS Actual | Revenue Estimate | Price reaction | Quarterly report |
|---|---|---|---|---|---|
| 5/8/2024 | 0.16USD | - | -USD | - | 2024 Q1 |
| 3/25/2024 | 0.13USD | - | 0.00USD | - | 2023 Q4 |
| 8/14/2023 | 0.26USD | - | -USD | - | 2023 Q2 |
| 5/15/2023 | 0.23USD | - | -USD | - | 2023 Q1 |
| 3/29/2023 | 0.13USD | - | 0.00USD | - | 2022 Q4 |
| 11/14/2022 | 0.09USD | - | 0.00USD | - | 2022 Q3 |
| 7/27/2022 | 0.11USD | - | 0.00USD | - | 2022 Q2 |
| 4/27/2022 | 0.05USD | - | -USD | - | 2022 Q1 |
| 3/31/2022 | 0.04USD | - | 0.00USD | - | 2021 Q4 |
| 11/15/2021 | 0.00USD | - | -USD | - | 2021 Q3 |
EESG©
Eulerpool ESG Scorecard© for the MAG Silver stock
EEnvironment
20
Environment
SSocial
20
Social
GGovernance (Corporate Governance)
4
Governance (Corporate Governance)
The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.
MAG Silver shareholder structure
| % | Name |
|---|---|
0.00000% | |
0.00000% | |
0.00000% | |
0.00000% | |
0.00000% | |
0.00000% |
MAG Silver Beneficial Ownership Filings (SEC 13D/G)
MAG Silver Executives and Management Board
14 members · avg. age 64 · 29 % women
Mr. George Paspalas (62)
President, Chief Executive Officer, Director · since 2013
2.71 M USD
Management
Mr. Fausto Di Trapani
Chief Financial Officer
Mr. W. J. Mallory
Chief Sustainability Officer
Mr. Marc Turcotte
Chief Development Officer
Mr. Gary Methven
Vice President - Technical Services
Ms. Jill Neff
Vice President - Governance, Corporate Secretary
Mr. Lex Lambeck
Vice President - Exploration
Board of Directors
Mr. Tom Peregoodoff (61)
Independent Director
Mr. Timothy Baker (73)
Independent Director
Ms. Jill Leversage (68)
Independent Director
Ms. Susan Mathieu (58)
Independent Director
Ms. Selma Lussenburg (69)
Independent Director
Mr. Dale Peniuk (65)
Independent Director
MAG Silver Supply Chain
MAG Silver Supply Chain
Correlation: how closely stock prices move together
| # | Name | Trend | |||
|---|---|---|---|---|---|
| 1 | 0.02 | 0.51 | 0.30 |
| # | Name | Trend | |||
|---|---|---|---|---|---|
| 1 | -0.19 | — | — | ||
| 2 | 0.62 | -0.08 | -0.15 | ||
| 3 | 0.11 | 0.40 | 0.16 |
Frequently asked questions about MAG Silver
The business model of MAG Silver Corp revolves around the exploration and development of high-grade silver projects. As a mining company, MAG Silver primarily focuses on acquiring and advancing mineral properties in the Mexican silver belt, with a particular emphasis on the Juanicipio property. Juanicipio, a joint venture with Fresnillo Plc, holds significant silver and gold resources. MAG Silver combines geological expertise, state-of-the-art technology, and strategic partnerships to explore, evaluate, and potentially exploit precious metal deposits. By capitalizing on its extensive knowledge and experience in the silver industry, MAG Silver aims to maximize the value of its assets and deliver long-term sustainable growth for its shareholders.
MAG Silver Corp primarily operates in the precious metal mining industry.
The main competitors of MAG Silver Corp in the market are other silver mining companies like Fresnillo plc, Hecla Mining Company, Coeur Mining Inc., and Pan American Silver Corp.
MAG Silver Corp is a renowned Canadian mining company primarily focused on the exploration and development of high-quality silver projects. Founded in 2003, MAG Silver Corp has established itself as a prominent player in the precious metals industry, with a particular emphasis on silver assets. The company holds a significant interest in the Juanicipio property in Mexico, which is a joint venture with Fresnillo plc. MAG Silver Corp's experienced management team and strong partnerships have contributed to its success in advancing world-class silver projects. With a commitment to responsible mining practices, MAG Silver Corp continues to strive for excellence in the silver mining sector.
MAG Silver Corp has achieved several significant milestones throughout its history. One notable accomplishment is the development and exploration of the Juanicipio project located in Mexico. In partnership with Fresnillo plc, MAG Silver Corp has successfully advanced the project, which is now in production and expected to become a world-class silver mine. Another major achievement is the company's strong financial position with a solid balance sheet, allowing for the continued growth and expansion of its operations. Furthermore, MAG Silver Corp has received multiple prestigious awards and recognition for its commitment to sustainability and corporate responsibility.
MAG Silver Corp is primarily present in Mexico, with most of its operations located in the country. The company focuses on exploring and developing high-quality silver assets in the Juanicipio property, Zacatecas district, located in central Mexico.
MAG Silver Corp represents strong values and a clear corporate philosophy. The company is committed to conducting its business operations with integrity, transparency, and accountability. MAG Silver Corp focuses on maximizing shareholder value through responsible mining practices and sustainable development. The company strives to maintain strong relationships with local communities, respecting their cultural heritage and investing in their socio-economic development. MAG Silver Corp is dedicated to creating a safe and inclusive working environment for its employees, fostering innovation, and continually improving its operational efficiency. With its commitment to ethical business practices and responsible resource development, MAG Silver Corp aims to be a leader in the silver mining industry.
12 analysts currently rate the MAG Silver stock: 7 recommend buying, 4 holding and 1 selling. For 2026, analysts expect MAG Silver to generate revenue of 153.52 M USD and earnings per share of 0.85 USD.
The MAG Silver share (MAG.TO) is listed on 6 stock exchanges, including: Frankfurt (MQ8.F), München (MQ8.MU), Düsseldorf (MQ8.DU), London (0V56.L), Toronto (MAG.TO).
MAG Silver Corp is a Canadian mining company that specializes in the exploratory development and production of high-grade silver and gold deposits. The company was founded in 2003 and is now recognized as one of the leading silver producers in Mexico. The company's business model focuses on identifying and exploring silver and gold deposits in Mexico, particularly in the Durango and Chihuahua regions. The company has conducted extensive exploration and drilling activities in recent years to identify new deposits and expand existing ones. The company is divided into two main business segments: exploration and development projects, and production. In the exploration and development segment, the company identifies and develops new silver and gold deposits in Mexico. Currently, the company is actively involved in four projects in this segment: Juanicipio, Salamandra, Corazon, and Antenna. The Juanicipio project, in collaboration with joint venture partner Fresnillo plc, is the largest exploration and development project of MAG Silver Corp and is located in the Zacatecas region. The project hosts some of the largest and highest-grade silver and gold reserves in the world and is expected to begin production in 2020. The Salamandra project, located in the Durango region, is the second-largest exploration and development project of MAG Silver Corp. The project has significant potential as it is expected to have high silver and gold grades. In the production segment, MAG Silver Corp operates the Juanicipio project in collaboration with Fresnillo plc. The company has an agreement for its share in the project and is expected to produce 19.5 million ounces of silver and 57,000 ounces of gold annually. MAG Silver Corp is known for its high production quality and excellent exploration technology. The company places great importance on sustainability and environmental protection and adheres to the strictest standards and guidelines regarding the safety of its employees and the communities in which it operates. The company has a strong market presence and is listed on various exchanges, including the Toronto Stock Exchange and the New York Stock Exchange. The company has a broad investor base and has a high reputation in the mining industry. In summary, MAG Silver Corp is a leading mining company specializing in silver and gold exploration and production. The company operates multiple exploration and development projects and is involved in the production of high-quality silver and gold. The company is known for its high production quality, technological advancement, and commitment to sustainability and environmental protection. The company shows strong potential and is recognized as a leading company in its category.
The expected revenue of MAG Silver is 153.52 M USD. This figure is based on current financial data and reflects the company's business performance.
The expected profit of MAG Silver is 88.17 M USD. The net profit reflects the company's profitability after deducting all expenses.
The P/E ratio cannot be calculated for MAG Silver at the moment.
The P/S cannot be calculated for MAG Silver currently.
The Eulerpool Quality Score for MAG Silver is 6/10.
The ISIN of MAG Silver is CA55903Q1046. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The WKN of MAG Silver is 460241. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.
The ticker of MAG Silver is MAG.TO. The ticker symbol is used to trade MAG Silver shares on the stock exchange.
MAG Silver is assigned to the 'Commodities' sector.
The dividends of MAG Silver are distributed in USD.
MAG Silver stock
MAG Silver Peer Group
MAG Silver Ticker
MAG Silver FIGI
All fundamentals and in-depth analysis of MAG Silver
Our stock analysis for MAG Silver stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of MAG Silver. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.