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

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) Director George Nickolas Paspalas sold 50,024 shares of the company’s stock in a transaction dated 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 0.2 %

Shares of MAG Silver stock opened at C$21.13 on Wednesday. MAG Silver Corp. has a 1 year low of C$11.15 and a 1 year high of C$25.36. The company has a market capitalization of C$2.18 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 0.84 and a beta of 1.14. The business has a fifty day simple moving average of C$22.17 and a two-hundred day simple moving average of C$19.35. The company has a debt-to-equity ratio of 0.01, a current ratio of 28.03 and a quick ratio of 25.31.

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 the consensus estimate of C$0.28 by C$0.02. Research analysts forecast that MAG Silver Corp. will post 1.2235023 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Panmure Gordon lifted their target price on MAG Silver from C$26.40 to C$27.10 in a research report on Friday, November 22nd. CIBC lifted their price objective on shares of MAG Silver from C$25.00 to C$26.00 in a report on Monday, December 2nd. Stifel Nicolaus increased their target price on shares of MAG Silver from C$25.00 to C$25.50 in a report on Monday, November 25th. TD Securities raised their target price on shares of MAG Silver from C$22.00 to C$25.00 in a research report on Friday, October 18th. Finally, Raymond James boosted their price target on shares of MAG Silver from C$23.00 to C$26.00 and gave the stock an “outperform” 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 company. According to MarketBeat.com, MAG Silver presently has a consensus rating of “Moderate Buy” and an average 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.