MAG Silver Corp (TSE:MAG) Director Sells C$375,000.00 in Stock

MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG) Director Daniel Thomas Macinnis sold 25,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of C$15.00, for a total transaction of C$375,000.00. Following the sale, the director now owns 316,288 shares in the company, valued at C$4,744,320.

Daniel Thomas Macinnis also recently made the following trade(s):

  • On Tuesday, April 16th, Daniel Thomas Macinnis sold 19,337 shares of MAG Silver stock. The shares were sold at an average price of C$12.66, for a total transaction of C$244,806.42.

Shares of TSE MAG opened at C$14.01 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 90.88 and a current ratio of 91.28. The firm has a market capitalization of $1.21 billion and a price-to-earnings ratio of -175.13. MAG Silver Corp has a 52-week low of C$8.10 and a 52-week high of C$15.44.



MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced its quarterly earnings results on Monday, April 1st. The company reported C($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.04). On average, equities analysts forecast that MAG Silver Corp will post 0.41 earnings per share for the current year.

Several brokerages have recently commented on MAG. Raymond James restated an “outperform” rating and set a C$19.00 price objective on shares of MAG Silver in a research report on Wednesday, March 6th. Canaccord Genuity decreased their price objective on shares of MAG Silver from C$21.00 to C$19.50 in a research report on Saturday, April 13th. Finally, BMO Capital Markets lifted their price target on shares of MAG Silver from C$16.50 to C$17.50 and gave the company an “outperform” rating in a report on Wednesday, March 6th.

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About MAG Silver

MAG Silver Corp. focuses on acquiring, exploring, and development of mineral properties in Canada. It explores for copper, gold, silver, lead, and zinc deposits. The company primarily holds interests in the Juanicipio property covering 7,679 hectares located in the Fresnillo District, Zacatecas State, Mexico.

Read More: Cost of Capital Explained

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