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 MAG Silver stock in a transaction that occurred on 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 Stock Performance

TSE:MAG opened at C$19.95 on Friday. MAG Silver Corp. has a 52-week low of C$11.15 and a 52-week high of C$25.36. 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 fifty day simple moving average of C$22.15 and a 200-day simple moving average of C$19.38. The company has a market capitalization of C$2.06 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced its earnings results on Tuesday, November 12th. The company reported C$0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.02. On average, equities research analysts expect 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 recently weighed in on MAG. Raymond James lifted their price target on MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Stifel Nicolaus raised their target price on MAG Silver from C$25.00 to C$25.50 in a report on Monday, November 25th. Roth Capital cut shares of MAG Silver from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. BMO Capital Markets increased their price target on shares of MAG Silver from C$24.00 to C$26.00 in a report on Friday, October 25th. Finally, Panmure Gordon upped their target price on shares of MAG Silver from C$26.40 to C$27.10 in a research report on Friday, November 22nd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.20.

About MAG Silver

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.