MAG

MAG Silver Corp

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Advanced Chart

21.680

+0.02(0.092%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

21.800

Open

21.620

VWAP

21.63

Vol

858.29K

Mkt Cap

2.24B

Low

21.460

Amount

18.57M

EV/EBITDA(TTM)

21.90

Total Shares

103.14M

2.86B

EV/OCF(TTM)

89.32

P/S(TTM)

20.77

MAG Silver Corp. is a Canadian mining and exploration company focused on advancing high-grade, district scale precious metals projects in the Americas. The Company, through its (44%) joint venture, has an interest in the 4,000 tons per day Juanicipio Mine, operated by Fresnillo plc (56%). The Juanicipio Mine is located in the Fresnillo Silver Trend in Mexico. It is also executing multiphase exploration programs at the 100% earn-in Deer Trail Project in Utah and the 100% owned Larder Project, located in the historically prolific Abitibi region of Canada. The Deer Trail Project (Utah, USA) is a silver-rich carbonate replacement deposit (CRD) exploration project, targeting high-grade silver, gold, lead, zinc, and copper. The Larder exploration area covers 6,450 hectares, spanning 8.5 kilometers along the Cadillac-Larder Break (CLB). The Deer Trail Project spans approximately 6,500 hectares.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

0.245

+35.96%

0.251

+14.21%

0.253

+20.46%

Estimates Revision

The market is revising Upward the revenue expectations for MAG Silver Corp. (MAG) for FY2025, with the revenue forecasts being adjusted by 99% over the past three months. During the same period, the stock price has changed by 39.15%.

Revenue Estimates for FY2025

Revise Upward

+99%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+20.41%

In Past 3 Month

Stock Price

Go Up

+39.15%

In Past 3 Month

6 Analyst Rating

-3.51% Downside

Wall Street analysts forecast MAG stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MAG is 20.92 USD with a low forecast of 19.67 USD and a high forecast of 22.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

2 Buy

3 Hold

1 Sell

Hold

-3.51% Downside

Current: 21.680

Low

19.67

Averages

20.92

High

22.00

-3.51% Downside

Current: 21.680

Low

19.67

Averages

20.92

High

22.00

H.C. Wainwright

Buy -> Neutral

downgrade

$22

2025-07-24

Reason

H.C. Wainwright

Price Target

$22

2025-07-24

downgrade

Buy -> Neutral

Reason

H.C. Wainwright downgraded MAG Silver (MAG) to Neutral from Buy with an unchanged price target of $22 after shareholders approved the acquisition by Pan American Silver (PAAS).

Roth Capital

Neutral

maintain

$18 -> $21

2025-07-01

Reason

Roth Capital

Price Target

$18 -> $21

2025-07-01

maintain

Neutral

Reason

Roth Capital raised the firm's price target on MAG Silver to $21 from $18 and keeps a Neutral rating on the shares. The firm is updating its model on miners after increasing its gold price forecast from $3,100 to $3,294 per ounce for Q2, from $2,350 to $3,300 for Q3, and from $2,300 to $3,150 for Q4 2025. For silver, Roth is increasing its Q2 2025 forecast from $31.00 to $33.22, Q3 forecast from $27.65 to $35.50, and Q4 forecast from $27.06 to $35.00 per ounce.

CIBC

Cosmos Chiu

Neutral -> Tender

upgrade

$26 -> $28

2025-05-22

Reason

CIBC

Cosmos Chiu

Price Target

$26 -> $28

2025-05-22

upgrade

Neutral -> Tender

Reason

CIBC analyst Cosmos Chiu changed the firm's rating on MAG Silver (MAG) to Tender from Neutral and raised its price target on shares to C$28 from C$26 after Pan American Silver (PAAS) announced that it has entered into a definitive agreement to acquire MAG Silver.

TD Securities

Buy -> Sell

downgrade

$28

2025-05-21

Reason

TD Securities

Price Target

$28

2025-05-21

downgrade

Buy -> Sell

Reason

TD Securities downgraded MAG Silver (MAG) to Sell from Buy with a price target of C$28.57, up from C$28, after the company agreed to be acquired by Pan American Silver (PAAS) for a combination of cash and stock.

CIBC

Outperformer

downgrade

$42 -> $39

2025-05-13

Reason

CIBC

Price Target

$42 -> $39

2025-05-13

downgrade

Outperformer

Reason

CIBC lowered the firm's price target on Pan American Silver (PAAS) to $39 from $42 and keeps an Outperformer rating on the shares. Pan American Silver announced that it has entered into a definitive agreement to acquire MAG Silver (MAG) at $20.54/share. The deal is valued at $2.1B, with up to $500M paid in cash and the remainder converted at an exchange ratio of 0.755 PAAS share per MAG share. With a modelled closing date of second half of 2025, the firm expects Pan American Silver's 2025 attributable silver production to increase from 20.6M-23.0Moz. Overall, with the acquisition, Pan American Silver gains an interest in an important asset in Juanicipio, with Fresnillo (FNLPF) remaining the operator. CIBC believes it solidifies Pan American's position as one of the key players in the silver space.

Canaccord

Buy

Hold

downgrade

$29

2025-05-12

Reason

Canaccord

Price Target

$29

2025-05-12

downgrade

Buy

Hold

Reason

Canaccord downgraded MAG Silver (MAG) to Hold from Buy with a C$29 price target after MAG announced it had agreed to be acquired by Pan American Silver (PAAS) for a combination of cash and stock.

See All Ratings

Valuation Metrics

The current forward P/E ratio for MAG Silver Corp (MAG.A) is 19.75, compared to its 5-year average forward P/E of -367.12. For a more detailed relative valuation and DCF analysis to assess MAG Silver Corp 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

-367.12

Current PE

19.75

Overvalued PE

1684.67

Undervalued PE

-2418.91

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

198.74

Current EV/EBITDA

12.26

Overvalued EV/EBITDA

945.65

Undervalued EV/EBITDA

-548.18

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

N/A

5Y Average PS

363.10

Current PS

0.00

Overvalued PS

1546.97

Undervalued PS

-820.77