MAG Silver Corp chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share N/A
Dividend & YieldN/A$ (N/A)
Beta 0.99
Market capitalization 1.27B
Operating cash flow -9.58M
ESG Scores unknown

Company description

MAG Silver Corp. engages in the exploration and development of precious metal mining properties. The company explores for silver, gold, lead, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. The company is headquartered in Vancouver, Canada.

Sector: Basic Materials - Industry: Silver

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities -114k -84k 8k 265k
Total Cashflows From Investing Activities -26.21M -57.13M -65.31M -74.94M
Net Borrowings -71k -71k -72k -91k
Total Cash From Financing Activities 2.75M 2.75M 92.43M 44.14M
Change To Operating Activities -39k 58k -241k -17k
Issuance Of Stock 2.82M 2.82M 92.5M 44.23M
Net Income -5.8M -4.43M -7.1M 6.03M
Change In Cash -30.21M -57.82M 21.65M -37.26M
Effect Of Exchange Rate -58k -228k 745k 265k
Total Cash From Operating Activities -3.94M -3.21M -6.21M -6.72M
Depreciation 15k 158k 121k 146k
Change To Account Receivables -212k 288k -201k 116k
Other Cashflows From Financing Activities
Change To Netincome 2.21M 799k 1.2M -13.26M
Capital Expenditures -2.22M -3.58M -4.95M -7.17M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax -5.01M -4.56M -6.07M 4.46M
Net Income -5.8M -4.43M -7.1M 6.03M
Selling General Administrative 4.85M 4.98M 5.15M 6.35M
Gross Profit
Ebit -8.1M -8.24M -8.43M -10.86M
Operating Income -8.1M -8.24M -8.43M -10.86M
Interest Expense -67k -67k -64k -58k
Income Tax Expense 796k -131k 1.03M -1.57M
Total Revenue
Cost Of Revenue
Total Other Income ExpenseNet 3.09M 3.68M 2.36M 15.32M
Net Income From Continuing Ops -5.8M -4.43M -7.1M 6.03M
Net Income Applicable To Common Shares -5.8M -4.43M -7.1M 6.03M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 3.68M 3.56M 6.41M 4.85M
Total Stockholder Equity 213.88M 215.25M 316.67M 367.52M
Other Current Liabilities 260k 128k 518k
Total Assets 217.56M 218.81M 323.08M 372.37M
Common Stock 392.92M 400M 496.6M 543.93M
Other Current Assets
Retained Earnings -197.05M -201.51M -207.47M -196.42M
Treasury Stock 18.02M 16.76M 27.53M 20.01M
Cash 130.18M 72.36M 94.01M 56.75M
Total Current Liabilities 1.56M 854k 901k 1.61M
Other Stockholder Equity 18.02M 16.76M 27.53M 20.01M
Property, Plant, and Equipment 3.68M 8.05M 13.15M 20.74M
Total Current Assets 130.88M 72.71M 95.41M 59.37M
Net Tangible Assets 213.88M 215.25M 316.67M 367.52M
Net Receivables 372k 83k 897k 2.1M
Accounts Payable 1.46M 418k 602k 960k


Insider Transactions

Here are the insider transactions of stock shares related to MAG Silver Corp:

Filer Name Transaction Text Ownership Date Filer Relation Shares
MacInnis (Daniel Thomas)Acquisition or disposition in the public market at price 15.74 per share.D2022-11-25Director of Issuer1.5k
MacInnis (Daniel Thomas)Acquisition or disposition in the public market at price 15.87 per share.D2022-11-24Director of Issuer25k
Megaw (Peter Kenneth McNeill)Exercise of options at price 10.42 per share.D2022-11-23Senior Officer of Issuer68.42k
Megaw (Peter Kenneth McNeill)Acquisition or disposition in the public market at price 15.67 per share.D2022-11-23Senior Officer of Issuer68.42k
Megaw (Peter Kenneth McNeill)D2022-11-22Senior Officer of Issuer4.29k
Megaw (Peter Kenneth McNeill)Acquisition or disposition in the public market at price 15.51 per share.D2022-11-22Senior Officer of Issuer4.29k
Curlook (Michael John)D2022-09-29Senior Officer of Issuer9.51k
Paspalas (George N)Acquisition or disposition in the public market at price 12.20 per share.D2022-09-21Director of Issuer15.25k
Paspalas (George N)D2022-09-20Director of Issuer27k
Lussenburg (Selma)Acquisition or disposition in the public market at price 12.50 per share.D2022-06-30Director of Issuer1k
Mallory, William JamesAcquisition or disposition in the public market at price 12.41 per share.D2022-06-29Senior Officer of Issuer1.5k
Mathieu (Susan)Acquisition or disposition in the public market at price 12.65 per share.D2022-06-17Director of Issuer3k
Mathieu (Susan)Acquisition or disposition in the public market at price 12.66 per share.D2022-06-17Director of Issuer20
Mathieu (Susan)Acquisition or disposition in the public market at price 12.68 per share.D2022-06-17Director of Issuer10
Mathieu (Susan)Acquisition or disposition in the public market at price 13.15 per share.D2022-06-16Director of Issuer253
Baker, Timothy CliveAcquisition or disposition in the public market at price 13.90 per share.D2022-06-10Director of Issuer3.6k
Di Trapani (Fausto)D2022-05-20Senior Officer of Issuer
Neff, JillExercise of rights at price 13.27 per share.D2022-05-19Senior Officer of Issuer5k
Taddei (Larry)Acquisition or disposition in the public market at price 18.06 per share.D2022-04-14Senior Officer of Issuer2k
Taddei (Larry)Acquisition or disposition in the public market at price 17.91 per share.D2022-04-13Senior Officer of Issuer14k
Taddei (Larry)Acquisition or disposition in the public market at price 17.20 per share.D2022-04-11Senior Officer of Issuer2.5k
Taddei (Larry)Acquisition or disposition in the public market at price 17.22 per share.D2022-04-11Senior Officer of Issuer5k
Taddei (Larry)Acquisition or disposition in the public market at price 16.83 per share.D2022-04-08Senior Officer of Issuer13.8k
Taddei (Larry)Acquisition or disposition in the public market at price 17.11 per share.D2022-04-08Senior Officer of Issuer5k
Peniuk (Dale Canfield)Acquisition or disposition in the public market at price 16.54 per share.D2022-04-05Director of Issuer1k
Taddei (Larry)Exercise of options at price 12.00 per share.D2022-04-05Senior Officer of Issuer4.89k
Taddei (Larry)Exercise of options at price 10.78 per share.D2022-04-05Senior Officer of Issuer5.76k
Taddei (Larry)Acquisition or disposition in the public market at price 16.82 per share.D2022-04-05Senior Officer of Issuer1.2k
Mallory, William JamesAcquisition or disposition in the public market at price 15.08 per share.D2021-12-29Senior Officer of Issuer1.5k
Megaw (Peter Kenneth McNeill)Acquisition or disposition in the public market at price 14.97 per share.D2021-12-06Senior Officer of Issuer30.55k
Megaw (Peter Kenneth McNeill)Acquisition or disposition in the public market at price 15.23 per share.D2021-12-03Senior Officer of Issuer25k
Megaw (Peter Kenneth McNeill)Exercise of options at price 13.69 per share.D2021-12-01Senior Officer of Issuer55.55k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to MAG Silver Corp. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on MAG Silver Corp

Here is the result of two systematic investment strategies applied to MAG Silver Corp. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on MAG Silver Corp

The following chart shows the equity curve of the two systematic investment strategies applied to MAG Silver Corp:

MAG Silver Corp automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 83.85% on the backtest period.

Performance at glance

Performance

83.85 %

Latent gain

1676.68 $

Invested capital

1999.61 $

Annualized return

20.45 %
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Momentum strategy results on MAG Silver Corp

This is the result of two momentum investment strategies applied to MAG Silver Corp. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on MAG Silver Corp

The following chart shows all the entries opened by the momentum investment system on MAG Silver Corp:

MAG Silver Corp momentum entries
  • The first momentum investment strategy would give 99.46% of return on MAG Silver Corp. That represents 4981.72$ of latent gain with 5008.65$ of employed capital.
  • The second momentum investment strategy would give 71.08% of return on MAG Silver Corp. That represents 2856.37$ of latent gain with 4018.5$ of employed capital.
Performance at glance (1Q Momentum)

Performance

99.46 %

Latent gain

4981.72 $

Invested capital

5008.65 $

Annualized return

28.7 %
Performance at glance (2Q Momentum)

Performance

71.08 %

Latent gain

2856.37 $

Invested capital

4018.5 $

Annualized return

19.64 %

Momentum equity curve on MAG Silver Corp

The following chart shows the equity curve of the two momentum strategies applied to MAG Silver Corp:

MAG Silver Corp momentum equity

Note: the dividends potentially given by MAG Silver Corp are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on MAG Silver Corp

The following chart shows the employed capital evolution of the two momentum strategies on MAG Silver Corp since the beginning:

MAG Silver Corp

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on MAG Silver Corp

Buy the dip entry openings on MAG Silver Corp

MAG Silver Corp

The performance achieved by the robo-advisor on MAG Silver Corp is 60.28%. That represents 1218.62$ of latent gain with 2021.5$ of employed capital. The following chart shows MAG Silver Corp stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of MAG Silver Corp, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

60.28 %

Latent gain

1218.62 $

Invested capital

2021.5 $

Annualized return

28.7 %

Equity curve of the strategy applied to MAG Silver Corp

The following chart shows the result of the investment strategy applied to MAG Silver Corp:

MAG Silver Corp

Note: the dividends potentially given by MAG Silver Corp are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on MAG Silver Corp

The following chart shows the employed capital evolution since the beginning of the investment strategy on MAG Silver Corp:

MAG Silver Corp

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on MAG Silver Corp

In this section, I will compare the three previous investment strategies applied to MAG Silver Corp.

Equity curve comparison on MAG Silver Corp

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

MAG Silver Corp investment strategy comparison

Employed capital comparison on MAG Silver Corp

MAG Silver Corp investment comparison

Performance comparison on MAG Silver Corp

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 83.85% 1676.68$ 1999.61$ 20.45%
Momentum 1 quarter 99.46% 4981.72$ 5008.65$ 25.77%
Momentum 2 quarters 71.08% 2856.37$ 4018.5$ 19.64%
Non-directional 60.28% 1218.62$ 2021.5$ 28.7%
Annualized return comparison

Automatic investment

20.45 %

Momentum 1Q

19.64 %

Momentum 2Q

19.64 %

Non-directional

28.7 %

Correlated stocks

Here are the most positively and negatively correlated stocks with MAG Silver Corp:

Positive correlations

Most correlated stocks this year

  • MAG Silver Corp

  • Most correlated stocks last 3 months

  • NEW GOLD INC.
  • CryoPort Inc
  • Kimberly-Clark Corp
  • MAG Silver Corp

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months

  • FIPP

  • Note: The algorithm computes the probability of correlation between MAG Silver Corp and the other stocks. There may be false positives or some missing correlated stocks. If the price of MAG Silver Corp does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name MAG Silver Corp
    Country Canada
    City Vancouver
    Address 800 West Pender Street
    Phone
    Website www.magsilver.com
    FullTime employees 10
    Industry Silver
    Sector Basic Materials
    Exchange XNYS
    Ticker MAG
    Market www.nyse.com

    MAG Silver Corp ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown