MAG Silver Corp (TSE:MAG) Director Sells C$600,000.00 in Stock

MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG) Director Daniel Thomas Macinnis sold 25,000 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of C$24.00, for a total transaction of C$600,000.00. Following the transaction, the director now directly owns 217,488 shares in the company, valued at C$5,219,712.

Daniel Thomas Macinnis also recently made the following trade(s):

  • On Wednesday, July 8th, Daniel Thomas Macinnis sold 42,300 shares of MAG Silver stock. The stock was sold at an average price of C$19.50, for a total transaction of C$824,850.00.
  • On Tuesday, June 30th, Daniel Thomas Macinnis sold 7,700 shares of MAG Silver stock. The stock was sold at an average price of C$19.50, for a total transaction of C$150,150.00.

Shares of TSE MAG traded up C$0.64 during mid-day trading on Friday, hitting C$22.63. The company had a trading volume of 188,952 shares, compared to its average volume of 377,523. The firm has a market cap of $2.06 billion and a P/E ratio of -103.33. The company has a debt-to-equity ratio of 0.24, a current ratio of 104.90 and a quick ratio of 103.87. MAG Silver Corp has a 12 month low of C$5.33 and a 12 month high of C$24.09. The business’s 50-day simple moving average is C$19.36 and its 200-day simple moving average is C$15.33.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced its quarterly earnings results on Friday, May 15th. The company reported C($0.23) EPS for the quarter. As a group, sell-side analysts predict that MAG Silver Corp will post 0.29 EPS for the current year.

Several research firms have commented on MAG. National Bank Financial increased their target price on shares of MAG Silver from C$20.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. HC Wainwright restated a “buy” rating and set a C$16.50 price target on shares of MAG Silver in a report on Tuesday, May 26th. TD Securities cut shares of MAG Silver from a “speculative buy” rating to a “hold” rating and upped their price target for the company from C$26.00 to C$27.00 in a report on Friday, July 24th. Canaccord Genuity restated a “speculative buy” rating and set a C$21.25 price target on shares of MAG Silver in a report on Tuesday, May 26th. Finally, Raymond James upped their price target on shares of MAG Silver from C$22.00 to C$22.50 and gave the company a “market perform” rating in a report on Wednesday, July 15th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. MAG Silver presently has an average rating of “Buy” and a consensus price target of C$21.48.

MAG Silver Company Profile

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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Insider Buying and Selling by Quarter for MAG Silver (TSE:MAG)

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