Insider Selling: 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 firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of C$21.87, for a total value of C$1,094,099.92.

MAG Silver Price Performance

Shares of TSE MAG opened at C$19.87 on Friday. The firm has a 50-day simple moving average of C$22.14 and a 200-day simple moving average of C$19.38. The company has a quick ratio of 25.31, a current ratio of 28.03 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of C$2.05 billion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. MAG Silver Corp. has a 52 week low of C$11.15 and a 52 week high of C$25.36.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on MAG. Panmure Gordon boosted their price objective on MAG Silver from C$26.40 to C$27.10 in a research report on Friday, November 22nd. BMO Capital Markets boosted their price target on shares of MAG Silver from C$24.00 to C$26.00 in a report on Friday, October 25th. Stifel Nicolaus increased their price objective on shares of MAG Silver from C$25.00 to C$25.50 in a report on Monday, November 25th. Raymond James lifted their target price on shares of MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, CIBC upped their price target on shares of MAG Silver from C$25.00 to C$26.00 in a research report on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.