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MAG Silver Corp (MAG)



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Upturn Advisory Summary
09/04/2025: MAG (4-star) is a STRONG-BUY. BUY since 80 days. Simulated Profits (38.88%). Updated daily EoD!
1 Year Target Price $22.5
1 Year Target Price $22.5
1 | Strong Buy |
3 | Buy |
2 | Hold |
0 | Sell |
1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 16.32% | Avg. Invested days 34 | Today’s Advisory Strong Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.54B USD | Price to earnings Ratio 24.72 | 1Y Target Price 22.5 |
Price to earnings Ratio 24.72 | 1Y Target Price 22.5 | ||
Volume (30-day avg) 7 | Beta 1 | 52 Weeks Range 12.19 - 25.09 | Updated Date 09/15/2025 |
52 Weeks Range 12.19 - 25.09 | Updated Date 09/15/2025 | ||
Dividends yield (FY) 1.53% | Basic EPS (TTM) 0.99 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -2.17% | Return on Equity (TTM) 17.75% |
Valuation
Trailing PE 24.72 | Forward PE 29.67 | Enterprise Value 2341171910 | Price to Sales(TTM) - |
Enterprise Value 2341171910 | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA 21.11 | Shares Outstanding 103663000 | Shares Floating 101010549 |
Shares Outstanding 103663000 | Shares Floating 101010549 | ||
Percent Insiders 3.11 | Percent Institutions 69.89 |
Upturn AI SWOT
MAG Silver Corp

Company Overview
History and Background
MAG Silver Corp. was founded in 2003 and is focused on acquiring, exploring, and developing precious metals projects, primarily in Mexico. Their most significant milestone is the development and operation of the Juanicipio Project.
Core Business Areas
- Exploration and Development: The company focuses on exploring and developing high-grade silver properties in the Fresnillo Silver Trend in Mexico.
- Mining Operations: MAG Silver operates the Juanicipio Project, a joint venture with Fresnillo plc, producing silver and gold concentrates.
Leadership and Structure
The leadership team includes George Paspalas (President & CEO) and Larry Tadman (CFO). The organizational structure is based around project management, exploration, and corporate functions.
Top Products and Market Share
Key Offerings
- Silver Concentrate: MAG Silver's primary product is silver concentrate produced from the Juanicipio Project. Market share data is complex due to joint venture and global silver market, revenue from this product is major contributor to the company's earnings. Competitors include other silver mining companies operating in Mexico, such as Fresnillo plc.
- Gold Concentrate: Gold concentrate is produced as a byproduct of silver mining. Market share data is complex due to joint venture and global gold market, revenue from this product is an additional contributor to the company's earnings. Competitors include other gold mining companies operating in Mexico, such as Newmont Corporation and Barrick Gold.
Market Dynamics
Industry Overview
The silver mining industry is driven by demand for silver in industrial applications, investment, and jewelry. Prices are influenced by macroeconomic factors, supply disruptions, and investor sentiment.
Positioning
MAG Silver is positioned as a high-grade silver producer with a focus on the Fresnillo Silver Trend. Its competitive advantage lies in the high grades and large scale of the Juanicipio deposit.
Total Addressable Market (TAM)
The global silver market is estimated to be worth billions of USD annually. MAG Silver is positioned to capture a significant share of the high-grade silver production within this market.
Upturn SWOT Analysis
Strengths
- High-grade silver deposit (Juanicipio)
- Experienced management team
- Strong partnership with Fresnillo plc
- Low-cost production
Weaknesses
- Reliance on a single major asset (Juanicipio)
- Exposure to political and regulatory risks in Mexico
- Joint Venture risk with Fresnillo
- Fluctuations in silver and gold prices.
Opportunities
- Further exploration potential in the Fresnillo Silver Trend
- Expansion of production capacity at Juanicipio
- Acquisition of additional silver projects
- Increased silver demand from green technologies
Threats
- Decline in silver prices
- Geopolitical instability in Mexico
- Environmental regulations
- Increased competition from other silver miners
Competitors and Market Share
Key Competitors
- FRES.MX
- HL
- AG
Competitive Landscape
MAG Silver benefits from the high-grade Juanicipio deposit but is smaller than larger competitors like Fresnillo plc. It relies heavily on its partnership with Fresnillo.
Growth Trajectory and Initiatives
Historical Growth: Growth is primarily tied to the development and ramp-up of the Juanicipio Project.
Future Projections: Future growth is dependent on production levels at Juanicipio, exploration success, and silver prices. Analyst estimates would provide specific projections.
Recent Initiatives: Recent initiatives include optimizing operations at Juanicipio and exploring new properties within the Fresnillo Silver Trend.
Summary
MAG Silver is strategically positioned with its high-grade Juanicipio project. Its partnership with Fresnillo is critical, but it also creates some dependencies. The company must navigate political and economic challenges in Mexico, focusing on maximizing production and mitigating risks. It needs to diversify away from reliance on Juanicipio.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Industry Reports
- Analyst Estimates
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market share percentages are estimations and subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About MAG Silver Corp
Exchange NYSE MKT | Headquaters Vancouver, BC, Canada | ||
IPO Launch date 1989-06-30 | President, CEO & Non-Independent Director Mr. George N. Paspalas Acc.Dir, B.E. (Chem.) | ||
Sector Basic Materials | Industry Silver | Full time employees - | Website https://magsilver.com |
Full time employees - | Website https://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. was founded in 2000 and is headquartered in Vancouver, Canada. As of September 4, 2025, MAG Silver Corp. operates as a subsidiary of Pan American Silver Corp.

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