MAG / MAG Silver Corp. (NYSEAM) - Forecast, Price Target, Estimates, Predictions

MAG Silver Corp.
US ˙ NYSEAM ˙ CA55903Q1046
THIS SYMBOL IS NO LONGER ACTIVE

Projected Stock Price
$22.33

Estimated share price by August 22, 2026.

Projected Revenue

No data available.
Projected Earnings Per Share

No data available.
Price Target

The average one-year price target for MAG Silver Corp. is $22.33. The forecasts range from a low of $21.06 to a high of $23.93.

Update Frequency: Monthly

Record Date Projection Date High Low Median Average
2025-08-22 2026-08-22 23.93 21.06 22.58 22.33
Stock Upgrades/Downgrades

This card shows analyst upgrades/downgrades for MAG Silver Corp.. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.

The standard analyst ratings are generally as follows:
  • Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
  • Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
  • Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.

When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.

The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.

Why Are Analyst Ratings important?

In addition to being able to interpret financial data, stock analysts have connections within the companies they cover that give them access to information retail investors do not have.

Therefore, analyst ratings can help you find opportunities in the market. However, they are guidelines more than recommendations. This is why it’s important to look at analyst ratings over a period of time.

If analysts change their ratings frequently, you should pay close attention to the company’s fundamentals. For example, has there been a significant change to the company’s earnings growth and/or debt?

You should also pay attention to the number of analysts covering a stock over the course of a year. In general, the more analysts who cover the stock give the consensus rating more credibility, but each individual rating less overall weight.

How to Use Analyst Ratings ?

Analyst ratings are one data point for you to consider. Here are some strategies you can use to fine tune your research.

Look at more than one analyst and don’t hesitate to look at analysts that have differing views. This can help challenge any preconceived ideas you have about a stock and point out ways in which your thesis for owning or avoiding a stock may have changed.

Compare a stock’s rating with other stocks in its industry or sector. In some cases, a stock is simply superior to others in its sector. However, at other times, it could be overvalued based on investor sentiment instead of fundamentals.

How are the Fintel Analyst Ratings different?

Analyst ratings by Fintel are presented in close to real-time to stay ahead of generalized information flow. Combined with target price estimates and revenue estimates for the company you have greater accuracy despite market volatility.

Date Analyst Prior Latest
Recommendation
Action
2023-12-12 PANMURE GORDON Buy Buy Maintains
2023-11-29 H.C. WAINWRIGHT & CO., LLC Buy Buy Maintains
2023-11-28 TD SECURITIES Buy Buy Maintains
2023-11-27 STIFEL CANADA Buy Buy Maintains
2023-11-27 CIBC CAPITAL MARKETS Neutral Neutral Maintains
2023-11-13 CORMARK SECURITIES INC. Buy Buy Maintains
2023-11-13 ROTH MKM Buy Buy Maintains
2023-11-10 NATIONAL BANK FINANCIAL Outperform Outperform Maintains
2023-11-10 RAYMOND JAMES LTD. Outperform Outperform Maintains
2023-11-10 TD SECURITIES Buy Buy Maintains
2023-11-10 PI FINANCIAL CORP Buy Buy Maintains
2023-08-15 CIBC CAPITAL MARKETS Neutral Neutral Maintains
2023-08-14 CIBC CAPITAL MARKETS Neutral Neutral Maintains
2023-08-09 CORMARK SECURITIES INC. Buy Buy Maintains
2023-08-09 STIFEL CANADA Buy Buy Maintains
2023-08-09 H.C. WAINWRIGHT & CO., LLC Buy Buy Maintains
2023-08-09 RAYMOND JAMES LTD. Outperform Outperform Maintains
2023-08-09 TD SECURITIES Buy Buy Maintains
2023-08-09 ROTH MKM Buy Buy Maintains
2023-08-08 CORMARK SECURITIES INC. Buy Buy Maintains
2023-08-08 STIFEL CANADA Buy Buy Maintains
2023-08-08 H.C. WAINWRIGHT & CO., LLC Buy Buy Maintains
2023-08-08 RAYMOND JAMES LTD. Outperform Outperform Maintains
2023-08-08 TD SECURITIES Buy Buy Maintains
2023-08-08 ROTH MKM Buy Buy Maintains
2023-08-08 NATIONAL BANK FINANCIAL Outperform Outperform Maintains
2023-08-07 NATIONAL BANK FINANCIAL Outperform Outperform Maintains
2023-08-03 PI FINANCIAL CORP Buy Buy Maintains
2023-08-02 PI FINANCIAL CORP Buy Buy Maintains
2023-06-06 CORMARK SECURITIES INC. Buy Buy Maintains
2023-06-06 STIFEL CANADA Buy Buy Maintains
2023-06-05 CORMARK SECURITIES INC. Buy Buy Maintains
2023-06-05 STIFEL CANADA Buy Buy Maintains
2023-06-05 NATIONAL BANK FINANCIAL Outperform Outperform Maintains
2023-06-05 TD SECURITIES Buy Buy Maintains
2023-06-05 CIBC CAPITAL MARKETS Neutral Neutral Maintains
2023-06-05 PI FINANCIAL CORP Neutral Buy Upgrade
2023-06-04 NATIONAL BANK FINANCIAL Outperform Outperform Maintains
2023-06-04 TD SECURITIES Buy Buy Maintains
2023-06-04 CIBC CAPITAL MARKETS Neutral Neutral Maintains
2023-06-04 PI FINANCIAL CORP Neutral Buy Upgrade
2023-05-15 ROTH MKM Buy Buy Maintains
2023-05-14 ROTH MKM Buy Buy Maintains
2023-05-11 RAYMOND JAMES LTD. Outperform Outperform Maintains
2023-05-10 RAYMOND JAMES LTD. Outperform Outperform Maintains
2023-05-02 H.C. WAINWRIGHT & CO., LLC Buy Buy Maintains
2023-05-01 H.C. WAINWRIGHT & CO., LLC Buy Buy Maintains
2023-03-28 H.C. WAINWRIGHT & CO., LLC Buy Buy Maintains
2023-03-28 TD SECURITIES Buy Buy Maintains
2023-03-28 ROTH MKM Buy Buy Maintains
2023-03-27 STIFEL CANADA Buy Buy Maintains
2023-03-27 NATIONAL BANK FINANCIAL Outperform Outperform Maintains
2023-03-27 RAYMOND JAMES LTD. Outperform Outperform Maintains
2023-03-06 CIBC CAPITAL MARKETS Neutral Neutral Maintains
2023-01-25 PI FINANCIAL CORP Buy Neutral Downgrade
2023-01-24 PI FINANCIAL CORP Buy Neutral Downgrade
2023-01-24 TD SECURITIES Hold Buy Upgrade
2023-01-23 TD SECURITIES Hold Buy Upgrade
2022-11-22 CORMARK SECURITIES INC. Buy Buy Maintains
2022-11-21 CORMARK SECURITIES INC. Buy Buy Maintains
2022-11-17 Roth Capital Buy Initiate
2022-11-15 CIBC Capital Markets Neutral Maintains
2022-11-15 Scotiabank Capital Sector Perform Maintains
2022-10-27 STA Research Buy Maintains
2022-10-27 Scotiabank Capital Sector Perform Maintains
2022-10-26 PI FINANCIAL CORP Neutral Buy Upgrade
2022-10-26 PI FINANCIAL CORP Buy Buy Maintains
2022-10-25 PI FINANCIAL CORP Buy Buy Maintains
2022-09-14 Scotiabank Capital Sector Perform Maintains
2022-08-18 Scotiabank Capital Sector Perform Maintains
2022-08-16 CIBC Capital Markets Neutral Maintains
2022-07-28 HC Wainwright Buy Reiterate
2022-04-20 STA Research Buy Maintains
2022-04-04 HC Wainwright Buy Reiterate
2022-04-04 Raymond James Capital Outperform Initiate
2022-03-14 STA Research Buy Initiate
2022-01-28 BMO Financial Hold Initiate
2022-01-17 SCOTIABANK GBM Outperform Outperform Maintains
2022-01-16 SCOTIABANK GBM Outperform Outperform Maintains
2022-01-05 BMO Capital Markets Hold Initiate
2021-12-30 National Bank Financial Buy Maintains
2021-12-02 ScotiaBankFinancial Outperform Maintains
2021-11-30 NationalBankFinancial Outperform Initiate
2021-11-30 TDNewcrest Buy Initiate
2021-11-17 CIBC WM Neutral Maintains
2021-11-16 TD SECURITIES Hold Hold Maintains
2021-11-15 TD SECURITIES Hold Hold Maintains
2021-10-29 HC Wainwright Buy Reiterate
2021-10-27 CIBC World Markets Neutral Maintains
2021-08-16 CIBC World Markets Neutral Reiterate
2021-08-06 Raymond James Financial Outperform Initiate
2021-04-29 Raymond James Financial Outperform Initiate
2021-04-14 CIBC World Markets Neutral Initiate
2021-04-06 Raymond James Financial Outperform Initiate
2021-02-05 PI FINANCIAL CORP Neutral Neutral Maintains
2020-12-08 Canaccord Genuity 22.25 26 Upgrade
2020-11-09 BMO Capital Markets Outperform Market Perform Downgrade
2020-10-22 PI Financial Buy Initiate
2020-09-11 National Bank Financial 28 29 Upgrade
2020-09-09 HC Wainwright & Co. Buy Maintains
2020-08-28 PI Financial 25 26.5 Upgrade
2020-08-10 HC Wainwright & Co. Buy Maintains
2020-07-24 TD Securities Speculative Buy Hold Downgrade
2020-07-20 CORMARK SECURITIES INC. Buy Buy Maintains
2020-07-13 HC Wainwright & Co. Buy Reiterate
2020-07-09 Raymond James Financial Outperform Initiate
2020-05-26 Cormark Securities Top Pick Initiate
2020-05-26 Sbank Outperform Initiate
2020-05-26 HC Wainwright Buy Initiate
2020-05-26 Canaccord Genuity Speculative Buy Initiate
2020-05-05 BMO Capital Markets 17 18 Upgrade
2020-03-31 HC Wainwright 18.5 16.5 Downgrade
2020-03-31 H.C. Wainwright Buy Reiterate
2020-03-04 BMO Capital Markets 17.5 17 Downgrade
2019-11-19 BMO Capital Markets Outperform Reiterate
2019-08-19 H.C. Wainwright Buy Maintains
2019-07-24 PI Financial 19 19.5 Upgrade
2019-04-13 Raymond James Financial Outperform Initiate
2019-03-06 Raymond James Financial Outperform Initiate
2019-03-06 BMO Capital Markets 16.5 17.5 Upgrade
2019-01-18 Raymond James Financial 21 19 Downgrade
2018-03-28 BMO Capital Markets 23 22 Downgrade
2018-02-13 HC Wainwright 18.5 19 Upgrade
2018-02-05 Raymond James Financial Outperform Initiate
2018-01-26 National Bank Financial 21 19 Downgrade
2017-11-21 Raymond James Strong Buy Outperform Downgrade
2017-04-05 Raymond James Outperform Strong Buy Upgrade
2017-03-08 Sbank Outperform Maintains
2017-03-01 TD Securities Hold Speculative Buy Maintains
2017-02-15 Raymond James Strong Buy Outperform Downgrade
2016-12-22 Raymond James Financial Outperform Strong Buy Downgrade
2016-10-04 Roth Capital Neutral Buy Upgrade
2016-10-03 Canaccord Genuity Hold Speculative Buy Upgrade
2016-08-17 BMO Capital Markets At Market Perform Maintains
2016-06-29 TD Securities Speculatie Buy Hold Maintains
2016-06-22 Desjardins Securities Buy Hold Maintains
2016-06-16 Canaccord Genuity Speculatie Buy Maintains
2016-02-18 PI Financial Buy Maintains
2015-06-26 Raymond James Financial Strong Buy Maintains
2015-06-23 Sidoti & Co. Neutral Buy Upgrade
2015-02-20 HC Wainwright Buy Maintains
2014-06-19 TD Securities Source of Funds Initiate
2014-05-28 PI Financial Buy Maintains
2014-05-28 Raymond James Financial Outperform Maintains
2014-05-22 National Bank Financial Outperform Initiate
2014-04-29 Desjardins Securities Buy Maintains
2014-03-12 Raymond James Financial Outperform Strong Buy Maintains
2013-09-09 PI Financial Buy Initiate
2013-04-03 Canaccord Genuity Speculatie Buy Maintains
2025-01-30 HC Wainwright & Co. Buy Buy Maintains
2024-08-05 CORMARK SECURITIES INC. Buy Buy Maintains
2024-08-04 STIFEL CANADA Buy Buy Maintains
2024-08-04 H.C. WAINWRIGHT & CO., LLC Buy Buy Maintains
2024-08-04 ROTH MKM Buy Buy Maintains
2024-08-01 TD COWEN Buy Buy Maintains
2024-08-01 NATIONAL BANK FINANCIAL Outperform Outperform Maintains
2024-08-01 RAYMOND JAMES LTD. Outperform Outperform Maintains
2024-08-01 CIBC CAPITAL MARKETS Neutral Neutral Maintains
2024-06-23 PANMURE LIBERUM Buy Buy Maintains
2024-03-26 TD SECURITIES Buy Buy Maintains
2024-01-25 VENTUM FINANCIAL CORP. Buy Buy Maintains
2023-11-12 ROTH MKM Buy Buy Maintains
2023-11-09 NATIONAL BANK FINANCIAL Outperform Outperform Maintains
2023-11-09 RAYMOND JAMES LTD. Outperform Outperform Maintains
2023-11-09 TD SECURITIES Buy Buy Maintains
2023-11-09 PI FINANCIAL CORP Buy Buy Maintains
2023-12-11 PANMURE GORDON Buy Buy Maintains
2023-11-28 H.C. WAINWRIGHT & CO., LLC Buy Buy Maintains
2023-11-27 TD SECURITIES Buy Buy Maintains
2023-11-26 STIFEL CANADA Buy Buy Maintains
2023-11-26 CIBC CAPITAL MARKETS Neutral Neutral Maintains
2023-11-12 CORMARK SECURITIES INC. Buy Buy Maintains
2025-04-24 HC Wainwright & Co. Buy Buy Reiterate
2025-02-25 HC Wainwright & Co. Buy Buy Reiterate
2025-07-01 Roth Capital Neutral Neutral Maintains
2025-01-05 SCOTIABANK GBM Outperform Outperform Maintains
2024-12-11 CIBC CAPITAL MARKETS Neutral Neutral Maintains
2024-12-03 NATIONAL BANK FINANCIAL Outperform Outperform Maintains
2024-11-12 CORMARK SECURITIES INC. Buy Buy Maintains
2024-11-12 H.C. WAINWRIGHT & CO., LLC Buy Buy Maintains
2024-11-12 RAYMOND JAMES LTD. Outperform Outperform Maintains
2024-11-11 TD COWEN Buy Buy Maintains
2024-11-11 STIFEL CANADA Buy Buy Maintains
2024-11-11 ROTH MKM Buy Neutral Downgrade
2024-10-22 CANACCORD GENUITY Buy Buy Maintains
2024-10-06 ROTH MKM Buy Buy Maintains
2025-03-25 Roth MKM Neutral Neutral Maintains
2025-03-25 HC Wainwright & Co. Buy Buy Maintains
2025-04-06 SCOTIABANK GBM Outperform Outperform Maintains
2025-04-06 NATIONAL BANK FINANCIAL Outperform Outperform Maintains
2025-03-31 PANMURE LIBERUM Buy Buy Maintains
2025-03-24 ROTH CAPITAL PARTNERS Neutral Neutral Maintains
2025-03-24 CORMARK SECURITIES INC. Buy Buy Maintains
2025-03-24 H.C. WAINWRIGHT & CO., LLC Buy Buy Maintains
2025-03-23 CANACCORD GENUITY Buy Buy Maintains
2025-03-23 TD COWEN Buy Buy Maintains
2025-03-23 RAYMOND JAMES LTD. Outperform Outperform Maintains
2025-03-23 CIBC CAPITAL MARKETS Neutral Neutral Maintains
2025-07-24 HC Wainwright & Co. Buy Neutral Downgrade
2025-04-14 Scotiabank Sector Outperform Sector Outperform Maintains
2025-08-12 Scotiabank Sector Outperform Sector Outperform Maintains
2025-08-12 Roth Capital Neutral Neutral Maintains
2025-07-16 TD COWEN Buy Sell Downgrade
2025-07-13 SCOTIABANK GBM Outperform Outperform Maintains
2025-07-02 PANMURE LIBERUM Buy Buy Maintains
2025-06-29 ROTH CAPITAL PARTNERS Neutral Neutral Maintains
2025-05-16 CANACCORD GENUITY Buy Hold Downgrade
2025-05-12 CORMARK SECURITIES INC. Buy Buy Maintains
2025-05-11 H.C. WAINWRIGHT & CO., LLC Buy Buy Maintains
2025-05-07 TD COWEN Buy Buy Maintains
2025-05-07 NATIONAL BANK FINANCIAL Outperform Outperform Maintains
2025-05-07 RAYMOND JAMES LTD. Outperform Outperform Maintains
2025-05-07 CIBC CAPITAL MARKETS Neutral Neutral Maintains
2025-04-22 CANACCORD GENUITY Buy Buy Maintains
Revenue Estimates

The forecasted annual revenue of MAG Silver Corp. in 2026-12-31 is 567MM. )

Understanding a company’s revenue history gives investors a snapshot of its potential growth. Revenue growth is a solid predictor of earnings (or profit) growth. A company that can increase its revenue while keeping its operating costs constant has more available capital to reinvest into its business or return to shareholders through dividends or share buybacks.

However, investors should be careful before investing in a company that is growing revenue but showing declining earnings or is unprofitable. In some cases, this is simply a case of a young company that is still in an early growth phase. But if this is a mature company, it can indicate that other fundamental problems exist.

How to Interpret Revenue Estimates?

Fintel gives you revenue projections for stocks that cover 10 years between 2020 and 2030. Although past performance does not guarantee future results, you can be more confident in your decision to buy or sell a stock when you see a company with revenue that has a track record of increasing its revenue.

Update Frequency: Quarterly

Date Revenue Average Quarterly (MM) Number of Analysts (Quarterly) Revenue Average Annually (MM) Number of Analysts (Annually)
2025-12-31 -- -- 427 1
2026-12-31 -- -- 567 1
Earnings Estimates

The forecasted annual earnings of MAG Silver Corp. in 2029-12-31 is 0.77 per share.

One part of an analyst’s rating is a profit (i.e., earnings) estimate for the current quarter and/or future quarters. The measurement given is earnings per share (EPS). EPS is a metric that indicates how much a company earned as represented by one share of its stock over a specific period (typically three months).

Earnings per Share Calculation

To understand the earnings per share calculation, you must understand net income. Net income is the amount of money a company has left over after deducting appropriate expenses and taxes from its revenues).

The formula for earnings per share is net income divided by the total number of outstanding shares (i.e., available for purchase). For example:

Company A has a net income of $100 million and forty million outstanding shares. The EPS calculation is as follows:

100,000,000/40,000,000 = $2.50 per share

How to use Earnings Per Share in Stock Analysis

Earnings per share is an essential metric for you to consider when deciding to buy a stock. After all, a company with high earnings per share is productive and generates revenue in excess of its operating costs.

However, it’s not the only metric you should use. Metrics like price-to-earnings and debt-to-equity add additional perspective about a company’s health.

You should also be sure to compare a company’s EPS with a company in its sector. However, when you do, be aware that EPS is different and more important than net profit by itself. You may see a company that has a rising net profit. But if its outstanding shares are also rising, then its EPS might be flat or even edging lower.

Update Frequency: Quarterly

Date EPS Average (Quarterly) Number of Analysts (Quarterly) EPS Average (Annual) Number of Analysts (Annually)
2025-09-30 0.18 2 -- --
2025-12-31 0.23 2 1.64 3
2026-03-31 0.54 2 -- --
2026-06-30 0.26 2 -- --
2026-09-30 0.27 2 -- --
2026-12-31 0.11 2 2.91 3
2027-03-31 0.21 2 -- --
2027-06-30 0.22 2 -- --
2027-09-30 0.22 2 -- --
2027-12-31 0.22 2 0.77 3
2028-12-31 -- -- 0.40 2
2029-12-31 -- -- 0.77 2
EBITDA Estimates

The forecasted annual EBITDA of MAG Silver Corp. in 2028-12-31 is 117MM.

EBIDTA is an acronym that stands for earnings before interest, taxes, depreciation, and amortization. Analysts and investors pay attention to EBITDA because it strips out items that a company must report on its balance sheet but doesn’t significantly impact its business. Here’s an explanation of what that means for each part of the acronym:

Interest: Loan interest and earnings are subject to change based on a company’s financial strategy and, in any event, are not part of its core activities.

Taxes: Taxes are affected by governmental policy that can distort a company’s perceived profitability.

Depreciation: This accounts for the expected depreciation on tangible assets and immaterial goods from company investments. But since these investments may ultimately increase a company’s efficiency and profit potential, they aren’t a good indicator of a company’s current profitability.

Amortization: This shows the gradual writing off of the initial cost of an asset. It differs from depreciation because it is typically used with intangible assets such as intellectual property (e.g., patents, copyrights, etc.)

EBITDA vs. Net Income

Net income is the profit a company has left over after covering its operating expenses. However, net income includes the items that EBITDA excludes. That’s why most analysts prefer EBITDA because it better reflects the health of a company’s core business.

Update Frequency: Quarterly

Date EBITDA Average (MM Quarterly) Number of Analysts (Quarterly) EBITDA Average (MM Annually) Number of Analysts (Annually)
2025-12-31
2026-12-31
2027-12-31
2028-12-31
EBIT Estimates

The forecasted annual EBIT of MAG Silver Corp. in 2026-12-31 is 46MM.

EBIT is an acronym that stands for earnings before interest and taxes. Analysts use EBIT to measure a company’s performance because it strips out tax expenses and the costs of the capital structure influencing profit. These don’t significantly impact a company’s business.

Interest: Loan interest and earnings are subject to change based on a company’s financial strategy and, in any event, are not part of its core activities.

Taxes: Taxes are affected by governmental policy that can distort a company’s perceived profitability.

NOTE: EBIT is sometimes synonymous with operating income. However, in some cases, operating income doesn’t include gains or losses from non-core activities.

EBIT vs. EBITDA

EBITDA also strips out depreciation and amortization from a company’s earnings:

Depreciation: This accounts for the expected depreciation on tangible assets and immaterial goods from company investments. But since these investments may ultimately increase a company’s efficiency and profit potential, they aren’t a good indicator of a company’s current profitability.

Amortization: This shows the gradual writing off of the initial cost of an asset. It differs from depreciation because it is typically used with intangible assets such as intellectual property (e.g., patents, copyrights, etc.)

Update Frequency: Quarterly

Date EBIT Average (MM Quarterly) Number of Analysts (Quarterly) EBIT Average (MM Annually) Number of Analysts (Annually)
2025-12-31
2026-12-31
Other Listings
DE:MQ8 €21.22
CA:MAG CA$33.41
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