MAG Silver Corp. (TSE:MAG) Director Sells C$1,094,099.92 in Stock

MAG Silver Corp. (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG Director George Nickolas Paspalas sold 50,024 shares of the 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 Stock Performance

TSE MAG traded down C$1.18 during trading on Wednesday, hitting C$19.95. 148,557 shares of the company's stock traded hands, compared to its average volume of 218,609. The stock has a market capitalization of C$2.06 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 0.84 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 25.31 and a current ratio of 28.03. The business has a 50 day moving average of C$22.17 and a 200-day moving average of C$19.35. MAG Silver Corp. has a 12-month low of C$11.15 and a 12-month high of C$25.36.

MAG Silver (TSE:MAG - Get Free Report) NYSEAMERICAN: MAG last issued its earnings results on Tuesday, November 12th. The company reported C$0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.28 by C$0.02. As a group, equities research analysts anticipate that MAG Silver Corp. will post 1.2235023 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MAG has been the topic of a number of analyst reports. Raymond James upped their price target on 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. TD Securities upped their target price on MAG Silver from C$22.00 to C$25.00 in a report on Friday, October 18th. CIBC raised their price target on shares of MAG Silver from C$25.00 to C$26.00 in a report on Monday, December 2nd. Roth Capital lowered MAG Silver from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 24th. Finally, Stifel Nicolaus lifted their target price on MAG Silver from C$25.00 to C$25.50 in a report on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.