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MAG Silver Corp (TSE:MAG)
TSX:MAG
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MAG Silver
(TSX:MAG)51Neutral
Positive Factors
Exploration Projects
Management remains dedicated to advancing the Larder and Deer Trail exploration projects, demonstrating potential for high-grade mineralization.
Production Guidance
2025 production guidance of 14.7-16.7Moz exceeds our 13.5Moz estimate on higher grades.
Negative Factors
Gold Production
Q4 gold production was below expectations due to lower gold grades.
MAG Silver (MAG) vs. S&P 500 (SPY)
Market Cap
$2.11B
Dividend YieldN/A
Average Volume (3M)221.79K
Price to Earnings (P/E)20.8
Beta (1Y)1.72
Revenue GrowthN/A
EPS Growth134.17%
CountryCA
Employees12
SectorBasic Materials
Sector Strength56
IndustryMining
Share Statistics
EPS (TTM)0.98
Shares Outstanding103,306,950
10 Day Avg. Volume205,929
30 Day Avg. Volume221,791
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
Price to Cash Flow (P/CF)-205.30
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$27.44Price Target Upside34.18% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
MAG Silver Business Overview & Revenue Model
Company DescriptionMAG Silver Corp. (MAG) is a Canadian mining company focused on advancing and exploring high-grade, district-scale silver projects within the Americas. The company's flagship asset is the Juanicipio project, located in Zacatecas, Mexico, in which MAG holds a 44% interest in a joint venture with Fresnillo plc, one of the world's leading silver producers. MAG Silver is dedicated to delivering significant returns to its shareholders by leveraging its expertise in discovering and developing world-class silver and gold properties.
How the Company Makes MoneyMAG Silver makes money primarily through its interest in the Juanicipio project, which is a joint venture with Fresnillo plc. Revenue is generated from the sale of silver, gold, and other by-products extracted from this mining operation. As the project advances toward full-scale production, MAG Silver's earnings are expected to increase with the rise in output and resource extraction efficiency. Moreover, the company may also derive income from exploration activities through strategic partnerships or joint ventures, though its primary revenue stream remains tied to the production and sale of precious metals from its existing mining assets.
MAG Silver Financial Statement Overview
Summary
MAG Silver shows a strong equity position with minimal debt, indicating financial stability. However, the lack of revenue and persistent negative cash flows are significant concerns, suggesting challenges in operational efficiency and sustainability in generating positive cash flow.Income Statement
The company consistently reports zero revenue, resulting in negative or non-existent profitability metrics. Despite a net income improvement in the TTM, the absence of revenue is a major concern for income sustainability.10
Very Negative
Balance Sheet
The company maintains a strong equity base with a very low level of debt, resulting in a solid equity ratio. The balance sheet reflects financial stability with minimal leverage.75
Positive
Cash Flow
Persistent negative free cash flow indicates poor cash generation relative to its net income. Operating cash flow remains negative, which raises concerns about the company's cash management and sustainability.20
Very Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -545.00K | 0.00 | 0.00 | -146.00K | -121.00K | -106.00K | EBIT |
| 76.02M | -14.33M | 17.75M | -11.52M | -9.26M | -8.95M | EBITDA |
| 39.88M | -13.98M | -1.57M | -11.38M | -8.42M | -8.17M | Net Income Common Stockholders |
| 74.50M | 48.66M | 17.64M | 6.03M | -7.10M | -4.43M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 130.18M | 68.71M | 29.95M | 56.75M | 94.01M | 72.36M | Total Assets |
| 217.56M | 520.53M | 407.83M | 372.37M | 323.08M | 218.81M | Total Debt |
| 0.00 | 154.00K | 261.00K | 385.00K | 476.00K | 541.00K | Net Debt |
| -130.18M | -68.55M | -29.69M | -56.36M | -93.53M | -71.82M | Total Liabilities |
| 3.68M | 13.77M | 6.13M | 4.85M | 6.41M | 3.56M | Stockholders Equity |
| 213.88M | 506.76M | 401.70M | 367.52M | 316.67M | 215.25M |
| Cash Flow | Free Cash Flow | ||||
| -13.25M | -8.96M | -8.75M | -6.73M | -6.29M | -3.56M | Operating Cash Flow |
| -9.51M | -8.95M | -8.72M | -6.72M | -6.21M | -3.21M | Investing Cash Flow |
| 62.72M | -7.24M | -18.89M | -74.94M | -65.31M | -57.13M | Financing Cash Flow |
| 2.43M | 54.95M | 928.00K | 44.14M | 92.43M | 2.75M |
MAG Silver Technical Analysis
Negative
20.45
Price Trends
21.85
Negative
22.00
Negative
20.05
Positive
Market Momentum
-0.33
Positive
38.46
Neutral
27.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MAG, the sentiment is Negative. The current price of 20.45 is below the 20-day moving average (MA) of 22.51, below the 50-day MA of 21.85, and above the 200-day MA of 20.05, indicating a neutral trend. The MACD of -0.33 indicates Positive momentum. The RSI at 38.46 is Neutral, neither overbought nor oversold. The STOCH value of 27.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MAG.
MAG Silver Peers Comparison
Overall Rating
UnderperformOutperform
Sector (47)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $14.00B | 35.82 | 8.74% | 0.42% | 33.75% | 32.86% | |
76 Outperform | $2.18B | 18.49 | 18.48% | ― | 25.05% | 0.44% | |
75 Outperform | $45.67B | 55.42 | 8.64% | 0.88% | 30.91% | 14.58% | |
73 Outperform | $12.23B | 83.97 | 2.36% | 1.63% | 23.70% | ― | |
54 Neutral | $1.29B | ― | -7.77% | ― | -4.65% | -304.16% | |
51 Neutral | $2.11B | 20.78 | 14.03% | ― | ― | 134.17% | |
47 Neutral | $2.64B | -4.00 | -31.55% | 3.33% | 2.93% | -29.90% |
* Basic Materials Sector Average
Performance Comparison
TSE:MAG
MAG Silver
20.45
8.05
64.92%
TSE:AGI
Alamos Gold
33.29
15.05
82.51%
TSE:WPM
Wheaton Precious Metals
100.66
41.09
68.97%
TSE:SIL
SilverCrest Metals
14.63
6.37
77.12%
TSE:PAAS
Pan American Silver
35.25
16.76
90.62%
TSE:EDR
Endeavour Silver
6.52
3.63
125.61%
MAG Silver Corporate Events
MAG Silver Announces Retirement of Key Investor Relations Executive
Jan 16, 2025
MAG Silver Corp. has announced the retirement of Michael Curlook, a key figure in its Investor Relations team, after twelve years of service. His efforts in shaping the company’s communications strategy have significantly impacted MAG’s growth and market credibility, and his departure marks a notable transition in the company’s investor relations landscape.
MAG Silver Reports Strong Q3 2024 Results
Nov 12, 2024
MAG Silver announced strong Q3 2024 financial results with a net income of $22.3 million, driven by successful operations at the Juanicipio project, which processed significant ore and achieved high silver production. The company also enhanced its financial position through interest and loan repayments, and it entered a strategic agreement with Apollo Silver for the Cinco de Mayo Project.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.