Tearsheet

Investment Highlights

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.6%
  Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
1   Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -21 Mil
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.6%
1 Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
2 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -21 Mil

Market Valuation

 9/30/252024202320222021
Share Price CYE$24.55$13.21$10.11$15.18$15.22
Market Cap CYE ($ Bil)2.51.41.01.51.5
Total Debt ($ Bil)0.00.00.00.00.0
Total Cash ($ Bil)0.20.20.10.00.1
Enterprise Value ($ Bil)2.41.41.01.51.5
Valuation Ratios     
P/S TTM0.00.00.00.00.0
P/EBIT TTM23.116.819.6-122.6-130.1
P/E TTM24.618.021.987.2247.6
Sector Ratios     
P/S TTM (Sector)1.61.21.41.11.5
P/EBIT TTM (Sector)7.26.36.64.75.7
P/E TTM (Sector)4.15.57.04.67.3
 9/30/2520242023
Share Price CYE$24.55$13.21$10.11
Market Cap CYE ($ Bil)2.51.41.0
Total Debt ($ Bil)0.00.00.0
Total Cash ($ Bil)0.20.20.1
Enterprise Value ($ Bil)2.41.41.0
Valuation Ratios   
P/S TTM0.00.00.0
P/EBIT TTM23.116.819.6
P/E TTM24.618.021.9
Sector Ratios   
P/S TTM (Sector)1.61.21.4
P/EBIT TTM (Sector)7.26.36.6
P/E TTM (Sector)4.15.57.0

Business Description

MAG Silver Corp., an exploration and development company, focuses on acquiring, exploring, and development of district scale projects located primarily in the Mexican Silver Belt. It explores for copper, gold, silver, lead, and zinc deposits. The company has 44% interests in the Juanicipio project comprising a single concession covering 7,679.21 hectares located in central Zacatecas State, Mexico. Show more

Price Returns Compared

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 202020212022202320242025Total [1]
Returns
MAG Return73%-24%-0%-33%31%85%113%
Peers Return20%169%-15%-17%-1%99%346%
S&P 500 Return16%27%-19%24%23%13%106%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: AG, SVM, MAG, AYASF, GSVRF.
[3] 2025 data is for the year up to 9/29/2025 (YTD)

Better Bets than MAG Silver (MAG)

Trade Ideas

Select past trade ideas related to MAG and Gold.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
KWR_7312025_Dip_Buyer_FCFYield07312025KWRQuaker HoughtonDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
16.5%16.5%0.0%
TGLS_6302025_Quality_Momentum_RoomToRun_10%06302025TGLSTecnoglassQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
-12.3%-12.3%-15.1%
CBT_5312025_Dip_Buyer_ValueBuy05312025CBTCabotDip BuyDB | PE OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
4.0%4.0%-3.6%
REYN_5312025_Dip_Buyer_ValueBuy05312025REYNReynolds Consumer ProductsDip BuyDB | PE OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
6.7%6.7%-4.6%
ESI_4302025_Dip_Buyer_FCFYield04302025ESIElement SolutionsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
23.2%23.2%0.0%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
KWR_7312025_Dip_Buyer_FCFYield07312025KWRQuaker HoughtonDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
16.5%16.5%0.0%
TGLS_6302025_Quality_Momentum_RoomToRun_10%06302025TGLSTecnoglassQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
-12.3%-12.3%-15.1%
CBT_5312025_Dip_Buyer_ValueBuy05312025CBTCabotDip BuyDB | PE OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
4.0%4.0%-3.6%
REYN_5312025_Dip_Buyer_ValueBuy05312025REYNReynolds Consumer ProductsDip BuyDB | PE OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
6.7%6.7%-4.6%
ESI_4302025_Dip_Buyer_FCFYield04302025ESIElement SolutionsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
23.2%23.2%0.0%

See Trefis Trade Ideas for more.

Recent Active Movers

Recent Active Movers

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Peer Comparisons for MAG Silver

Financials

MAGAGSVMAYASFGSVRFMedian
NameMAG Silv.First Ma.Silverco.Aya Gold.Guanajua. 
Mkt Price-12.416.27--9.34
Mkt Cap2.56.01.4--2.5
Rev LTM0831308--308
Op Inc LTM-2197---38
FCF LTM-810048--48
FCF 3Y Avg-9-2628---9
CFO LTM-8268147--147
CFO 3Y Avg-8135108--108

Growth & Margins

MAGAGSVMAYASFGSVRFMedian
NameMAG Silv.First Ma.Silverco.Aya Gold.Guanajua. 
Rev Chg LTM-61.4%35.5%--48.5%
Rev Chg 3Y Avg-13.3%12.8%--13.1%
Rev Chg Q-93.6%12.7%--53.2%
QoQ Delta Rev Chg LTM-18.2%3.1%--10.6%
Op Mgn LTM-11.6%---11.6%
Op Mgn 3Y Avg--3.4%----3.4%
QoQ Delta Op Mgn LTM-2.2%---2.2%
CFO/Rev LTM-32.3%47.7%--40.0%
CFO/Rev 3Y Avg-18.9%43.1%--31.0%
FCF/Rev LTM-12.0%15.5%--13.8%
FCF/Rev 3Y Avg--6.2%10.9%--2.3%

Valuation

MAGAGSVMAYASFGSVRFMedian
NameMAG Silv.First Ma.Silverco.Aya Gold.Guanajua. 
Mkt Cap2.56.01.4--2.5
P/S-7.24.4--5.8
P/EBIT23.060.1---41.6
P/E24.5264.625.1--25.1
P/CFO-328.522.49.3--9.3
Total Yield5.6%0.5%4.0%--4.0%
Dividend Yield1.6%0.1%0.0%--0.1%
FCF Yield 3Y Avg-0.7%-2.9%4.0%---0.7%
D/E0.00.00.0--0.0
Net D/E-0.1-0.0-0.3---0.1

Returns

MAGAGSVMAYASFGSVRFMedian
NameMAG Silv.First Ma.Silverco.Aya Gold.Guanajua. 
1M Rtn-35.8%29.5%--32.7%
3M Rtn-50.1%48.6%--49.4%
6M Rtn-85.7%62.5%--74.1%
12M Rtn-97.6%36.0%--66.8%
3Y Rtn-64.4%175.5%--120.0%
1M Excs Rtn-36.1%32.7%--34.4%
3M Excs Rtn-42.8%41.2%--42.0%
6M Excs Rtn-64.5%42.7%--53.6%
12M Excs Rtn-78.1%24.2%--51.1%
3Y Excs Rtn--6.5%101.9%--47.7%

Financials

Segment Financials

Assets by Segment

$ Mil20242023202220212020
Exploration and advancement of mineral projects521408372323219
Total521408372323219


Price Behavior

SEC Filings

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Report DateFiling DateFiling
630202581120256-K 6/30/2025
331202550820256-K 3/31/2025
12312024324202540-F 12/31/2024
9302024111220246-K 9/30/2024
630202480220246-K 6/30/2024
331202451420246-K 3/31/2024
12312023327202440-F 12/31/2023
9302023111320236-K 9/30/2023
630202380820236-K 6/30/2023
331202351020236-K 3/31/2023
12312022327202340-F 12/31/2022
9302022111420226-K 9/30/2022
630202281520226-K 6/30/2022
331202251720226-K 3/31/2022
12312021401202240-F 12/31/2021
9302021111620216-K 9/30/2021

Insider Activity

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