Insider Selling: MAG Silver Corp (TSE:MAG) Senior Officer Sells 5,000 Shares of Stock

MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG) Senior Officer Peter Megaw sold 5,000 shares of MAG Silver stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of C$13.98, for a total transaction of C$69,917.00. Following the transaction, the insider now directly owns 5,550 shares of the company’s stock, valued at C$77,607.87.

MAG opened at C$13.50 on Wednesday. The firm’s fifty day simple moving average is C$13.91. MAG Silver Corp has a 52-week low of C$8.10 and a 52-week high of C$15.74. The company has a current ratio of 91.28, a quick ratio of 90.88 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.17 billion and a PE ratio of -168.75.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its quarterly earnings data on Friday, May 10th. The company reported C($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C($0.03) by C$0.02. Sell-side analysts anticipate that MAG Silver Corp will post 0.35 EPS for the current fiscal year.



Several brokerages have issued reports on MAG. Raymond James restated an “outperform” rating and set a C$19.00 target price on shares of MAG Silver in a research report on Saturday, April 13th. Canaccord Genuity dropped their target price on MAG Silver from C$21.00 to C$19.50 in a research report on Saturday, April 13th.

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.

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