MAG Silver Corp. (TSE:MAG) Director George Nickolas Paspalas Sells 50,024 Shares

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) Director George Nickolas Paspalas sold 50,024 shares of the company’s 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 Down 0.4 %

Shares of MAG opened at C$19.87 on Friday. 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 stock has a market capitalization of C$2.05 billion, a PE ratio of 25.15, a P/E/G ratio of 0.84 and a beta of 1.14. The company’s 50-day simple moving average is C$22.14 and its 200-day simple moving average is C$19.38. MAG Silver Corp. has a 1 year low of C$11.15 and a 1 year high of C$25.36.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued its quarterly earnings results on Tuesday, November 12th. The company reported C$0.30 EPS for the quarter, beating the consensus estimate of C$0.28 by C$0.02. Analysts forecast that MAG Silver Corp. will post 1.2235023 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on MAG shares. TD Securities lifted their target price on MAG Silver from C$22.00 to C$25.00 in a research report on Friday, October 18th. Panmure Gordon boosted their price objective on shares of MAG Silver from C$26.40 to C$27.10 in a report on Friday, November 22nd. CIBC increased their target price on shares of MAG Silver from C$25.00 to C$26.00 in a research note on Monday, December 2nd. BMO Capital Markets boosted their price target on shares of MAG Silver from C$24.00 to C$26.00 in a research note on Friday, October 25th. Finally, Raymond James upped their price objective on shares of MAG Silver from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Three 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 company 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.