Magna International Renews Share Repurchase Program

Magna International ( (TSE:MG) ) has issued an update.

On November 5, 2025, Magna International announced the renewal of its normal course issuer bid (NCIB), allowing the company to repurchase up to 25,300,000 common shares, representing approximately 10% of its public float. The NCIB, effective from November 7, 2025, to November 6, 2026, aims to facilitate share cancellations and support stock-based compensation programs. The initiative reflects Magna’s strategy to optimize its capital structure and enhance shareholder value, with potential implications for market perception and investor confidence.

The most recent analyst rating on (TSE:MG) stock is a Hold with a C$51.00 price target. To see the full list of analyst forecasts on Magna International stock, see the TSE:MG Stock Forecast page.

Spark’s Take on TSE:MG Stock

According to Spark, TipRanks’ AI Analyst, TSE:MG is a Outperform.

Magna International’s strong financial performance and positive earnings call are the most significant factors driving the stock score. The company’s solid technical indicators and attractive valuation further enhance its investment appeal. While some challenges persist in specific segments, the overall outlook remains positive.

To see Spark’s full report on TSE:MG stock, click here.

More about Magna International

Magna International Inc. is one of the world’s largest automotive suppliers, providing innovative vehicle systems and manufacturing expertise to automakers in critical markets such as North America, Europe, and China. With a presence in 28 countries and nearly seven decades of experience, Magna is known for its performance, safety, and quality in the automotive industry.

Average Trading Volume: 985,505

Technical Sentiment Signal: Buy

Current Market Cap: C$19.45B

For an in-depth examination of MG stock, go to TipRanks’ Overview page.