MAG Silver Corp. (TSE:MAG) Senior Officer Sells C$317,552.89 in Stock

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) Senior Officer Michael John Curlook sold 18,779 shares of MAG Silver stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of C$16.91, for a total transaction of C$317,552.89.

MAG Silver Stock Performance

TSE MAG opened at C$16.69 on Thursday. The company has a fifty day moving average of C$13.26 and a two-hundred day moving average of C$13.74. The company has a market capitalization of C$1.72 billion, a PE ratio of 26.08, a P/E/G ratio of 0.84 and a beta of 1.00. MAG Silver Corp. has a 1 year low of C$11.15 and a 1 year high of C$18.51. The company has a debt-to-equity ratio of 0.03, a current ratio of 15.04 and a quick ratio of 25.31.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced its earnings results on Tuesday, March 19th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.01. As a group, analysts expect that MAG Silver Corp. will post 0.5547739 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Raymond James reduced their price objective on shares of MAG Silver from C$21.00 to C$19.50 and set an “outperform” rating on the stock in a report on Thursday, March 28th. TD Securities cut their price target on MAG Silver from C$20.00 to C$18.00 and set a “buy” rating on the stock in a research note on Wednesday, March 20th. BMO Capital Markets lowered their price objective on MAG Silver from C$21.50 to C$21.00 in a research report on Thursday, January 25th. Finally, Stifel Nicolaus raised their target price on MAG Silver from C$19.00 to C$19.50 and gave the stock a “buy” rating in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.69.

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.