MAG Silver Corp. (TSE:MAG – Get Rating) (NYSEAMERICAN:MAG) Director George Nickolas Paspalas sold 15,250 shares of the firm's stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of C$16.43, for a total value of C$250,552.93. Following the sale, the director now directly owns 180,000 shares of the company's stock, valued at C$2,957,346.
MAG Silver Trading Down 3.3 %
TSE:MAG opened at C$15.93 on Friday. MAG Silver Corp. has a twelve month low of C$13.60 and a twelve month high of C$26.94. The company has a quick ratio of 28.86, a current ratio of 30.10 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average price of C$16.51 and a two-hundred day moving average price of C$17.92. The company has a market cap of C$1.57 billion and a P/E ratio of 75.86.
Get MAG Silver alerts:MAG Silver (TSE:MAG – Get Rating) (NYSEAMERICAN:MAG) last released its quarterly earnings data on Monday, August 15th. The company reported C$0.10 EPS for the quarter, beating the consensus estimate of C$0.07 by C$0.03. As a group, analysts expect that MAG Silver Corp. will post 1.5499999 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. Raymond James cut their price target on MAG Silver from C$29.00 to C$26.00 and set an "outperform" rating for the company in a research note on Tuesday, July 19th. HC Wainwright reissued a "buy" rating and issued a C$16.50 price objective on shares of MAG Silver in a research note on Thursday, July 28th. National Bankshares lowered their target price on MAG Silver from C$28.25 to C$23.50 and set an "outperform" rating on the stock in a report on Thursday, July 21st. Finally, Stifel Nicolaus decreased their price objective on MAG Silver from C$29.75 to C$28.75 in a report on Friday, August 19th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$24.32.MAG Silver Company Profile
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MAG Silver Corp. engages in the exploration and development of precious metal mining properties. The company explores for silver, gold, lead, and zinc deposits. It primarily holds 44% interest in the Juanicipio project located in the Fresnillo District, Zacatecas State, Mexico. The company is headquartered in Vancouver, Canada.
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