MAG Silver Corp. (TSE:MAG) Director Sells C$1,094,099.92 in Stock

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) Director George Nickolas Paspalas sold 50,024 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of C$21.87, for a total transaction of C$1,094,099.92.

MAG Silver Price Performance

Shares of MAG opened at C$19.95 on Thursday. The business’s 50-day moving average is C$22.16 and its two-hundred day moving average is C$19.36. The company has a market capitalization of C$2.06 billion, a P/E ratio of 25.25, a P/E/G ratio of 0.84 and a beta of 1.14. MAG Silver Corp. has a fifty-two week low of C$11.15 and a fifty-two week high of C$25.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 28.03.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its earnings results on Tuesday, November 12th. The company reported C$0.30 EPS for the quarter, topping the consensus estimate of C$0.28 by C$0.02. Research analysts predict that MAG Silver Corp. will post 1.2235023 earnings per share for the current year.

Analyst Upgrades and Downgrades

MAG has been the topic of a number of recent analyst reports. TD Securities upped their price target on shares of MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. CIBC upped their target price on MAG Silver from C$25.00 to C$26.00 in a research report on Monday, December 2nd. Raymond James raised their target price on MAG Silver from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. BMO Capital Markets boosted their price target on MAG Silver from C$24.00 to C$26.00 in a research note on Friday, October 25th. Finally, Panmure Gordon raised their price objective on MAG Silver from C$26.40 to C$27.10 in a research note on Friday, November 22nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$25.20.

MAG Silver Company Profile

MAG Silver Corp. develops and explores for precious metal properties in Canada. It explores for silver, gold, lead, copper, and zinc deposits. The company’s flagship property is the 44% owned Juanicipio property located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp. is headquartered in Vancouver, Canada.