Insider Selling: MAG Silver Corp. (TSE:MAG) Director Sells 11,634 Shares of Stock

MAG Silver Corp. (TSE:MAG - Get Free Report) (NYSEAMERICAN:MAG) Director George Nickolas Paspalas sold 11,634 shares of the company's stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of C$15.85, for a total value of C$184,398.90.

MAG Silver Price Performance

TSE MAG opened at C$16.46 on Friday. The business has a 50 day simple moving average of C$12.56 and a 200 day simple moving average of C$13.61. MAG Silver Corp. has a 52-week low of C$11.15 and a 52-week high of C$19.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 25.31 and a current ratio of 15.04. The stock has a market cap of C$1.70 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 0.84 and a beta of 1.00.

Analyst Ratings Changes

A number of analysts have recently commented on MAG shares. BMO Capital Markets lowered their price target on MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. Stifel Nicolaus upped their price target on MAG Silver from C$19.00 to C$19.50 and gave the company a "buy" rating in a research note on Thursday, March 28th. TD Securities lowered their price target on MAG Silver from C$20.00 to C$18.00 and set a "buy" rating for the company in a research note on Wednesday, March 20th. Finally, Raymond James lowered their price target on MAG Silver from C$21.00 to C$19.50 and set an "outperform" rating for the company in a research note on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of C$19.69.


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Read Our Latest Analysis on MAG Silver

About MAG Silver

(Get Free Report)

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

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