MAG Silver Corp (TSE:MAG) Senior Officer Michael John Curlook Sells 4,000 Shares

MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG) Senior Officer Michael John Curlook sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of C$23.92, for a total transaction of C$95,680.00. Following the completion of the sale, the insider now owns 92,743 shares in the company, valued at approximately C$2,218,412.56.

Michael John Curlook also recently made the following trade(s):

  • On Tuesday, July 21st, Michael John Curlook sold 10,000 shares of MAG Silver stock. The shares were sold at an average price of C$21.41, for a total transaction of C$214,100.00.
  • On Wednesday, July 8th, Michael John Curlook sold 10,000 shares of MAG Silver stock. The shares were sold at an average price of C$20.36, for a total transaction of C$203,600.00.

TSE MAG traded up C$0.64 during mid-day trading on Friday, reaching C$22.63. 188,952 shares of the stock were exchanged, compared to its average volume of 377,523. MAG Silver Corp has a one year low of C$5.33 and a one year high of C$24.09. The stock has a 50 day simple moving average of C$19.36 and a 200-day simple moving average of C$15.33. The stock 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 (TSE:MAG) (NYSEAMERICAN:MAG) last announced its earnings results on Friday, May 15th. The company reported C($0.23) earnings per share for the quarter. Sell-side analysts anticipate that MAG Silver Corp will post 0.29 EPS for the current fiscal year.

A number of analysts have weighed in on the stock. BMO Capital Markets raised their target price on shares of MAG Silver from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research report on Tuesday, May 26th. Scotiabank set a C$20.00 price target on shares of MAG Silver and gave the company an “outperform” rating in a research note on Tuesday, May 26th. National Bank Financial raised their price target on shares of MAG Silver from C$20.00 to C$28.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Cormark reaffirmed a “top pick” rating and set a C$18.60 price target on shares of MAG Silver in a research note on Tuesday, May 26th. Finally, Canaccord Genuity reaffirmed a “speculative buy” rating and set a C$21.25 price target on shares of MAG Silver in a research note on Tuesday, May 26th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. MAG Silver presently has an average rating of “Buy” and a consensus price target of C$21.48.

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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