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

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) Director George Nickolas Paspalas sold 50,024 shares of MAG Silver stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$21.87, for a total value of C$1,094,099.92.

MAG Silver Trading Down 5.6 %

MAG opened at C$19.95 on Thursday. The company has a current ratio of 28.03, a quick ratio of 25.31 and a debt-to-equity ratio of 0.01. The firm has a market cap 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. MAG Silver Corp. has a 12 month low of C$11.15 and a 12 month high of C$25.36. The stock has a fifty day moving average price of C$22.16 and a 200-day moving average price of C$19.36.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced its earnings results on Tuesday, November 12th. The company reported C$0.30 EPS for the quarter, topping 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

A number of brokerages recently weighed in on MAG. Panmure Gordon lifted their price objective on shares of MAG Silver from C$26.40 to C$27.10 in a report on Friday, November 22nd. TD Securities lifted their price target on shares of MAG Silver from C$22.00 to C$25.00 in a research note on Friday, October 18th. Raymond James boosted their price target on MAG Silver from C$23.00 to C$26.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. CIBC raised their price objective on MAG Silver from C$25.00 to C$26.00 in a report on Monday, December 2nd. Finally, Roth Capital lowered MAG Silver from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.