MAG Silver (TSE:MAG) Shares Cross Above 50-Day Moving Average of $15.92

Shares of MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $15.92 and traded as high as $16.12. MAG Silver shares last traded at $15.18, with a volume of 203,454 shares trading hands.

A number of research analysts have weighed in on MAG shares. National Bank Financial boosted their price objective on shares of MAG Silver from C$20.00 to C$20.50 and gave the company an “outperform” rating in a research report on Thursday, September 5th. Pi Financial boosted their target price on shares of MAG Silver from C$19.00 to C$19.50 in a research note on Wednesday, July 24th.

The stock has a market capitalization of $1.29 billion and a PE ratio of -277.59. The company has a quick ratio of 250.21, a current ratio of 251.72 and a debt-to-equity ratio of 0.26. The stock’s 50 day moving average price is C$15.92 and its 200-day moving average price is C$14.17.



In other news, Senior Officer Peter Megaw sold 5,000 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of C$13.98, for a total transaction of C$69,917.00. Following the completion of the sale, the insider now directly owns 5,550 shares of the company’s stock, valued at C$77,607.87. Also, Senior Officer Larry Taddei sold 14,200 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$16.50, for a total transaction of C$234,300.00. Following the sale, the insider now directly owns 96,530 shares of the company’s stock, valued at C$1,592,745. Insiders have sold 43,000 shares of company stock valued at $732,617 over the last three months.

MAG Silver Company Profile (TSE:MAG)

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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