Insider Selling: MAG Silver Corp (TSE:MAG) Senior Officer Sells C$69,917.00 in Stock

MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG) Senior Officer Peter Megaw sold 5,000 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of C$13.98, for a total transaction of C$69,917.00. Following the completion of the sale, the insider now directly owns 5,550 shares of the company’s stock, valued at C$77,607.87.

Shares of MAG stock opened at C$13.50 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 91.28 and a quick ratio of 90.88. MAG Silver Corp has a 52-week low of C$8.10 and a 52-week high of C$15.74. The business has a fifty day simple moving average of C$13.91. The stock has a market cap of $1.17 billion and a price-to-earnings ratio of -168.75.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its earnings results on Friday, May 10th. The company reported C($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.03) by C$0.02. Equities analysts anticipate that MAG Silver Corp will post 0.35 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on MAG. Canaccord Genuity reduced their price objective on shares of MAG Silver from C$21.00 to C$19.50 in a research note on Saturday, April 13th. Raymond James reiterated an “outperform” rating and issued a C$19.00 price target on shares of MAG Silver in a research note on Saturday, April 13th.

About MAG Silver

MAG Silver Corp. focuses on acquiring, exploring, and development of mineral properties in Canada. It explores for copper, gold, silver, lead, and zinc deposits. The company primarily holds interests in the Juanicipio property covering 7,679 hectares located in the Fresnillo District, Zacatecas State, Mexico.

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