Michael John Curlook Sells 18,779 Shares of MAG Silver Corp. (TSE:MAG) Stock

MAG Silver Corp. (TSE:MAG) (NYSEAMERICAN:MAG) Senior Officer Michael John Curlook sold 18,779 shares of the business’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of C$16.91, for a total value of C$317,552.89.

MAG Silver Stock Down 1.2 %

TSE:MAG opened at C$16.24 on Wednesday. The company has a current ratio of 15.04, a quick ratio of 25.31 and a debt-to-equity ratio of 0.03. MAG Silver Corp. has a 1-year low of C$11.15 and a 1-year high of C$18.51. The business’s fifty day moving average price is C$13.16 and its 200 day moving average price is C$13.72. The firm has a market capitalization of C$1.67 billion, a price-to-earnings ratio of 25.38, a PEG ratio of 0.84 and a beta of 1.00.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued its earnings results on Tuesday, March 19th. The company reported C$0.19 earnings per share for the quarter, topping the consensus estimate of C$0.18 by C$0.01. On average, sell-side analysts forecast that MAG Silver Corp. will post 0.5547739 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MAG. BMO Capital Markets cut their target price on MAG Silver from C$21.50 to C$21.00 in a research report on Thursday, January 25th. TD Securities cut their target price on MAG Silver from C$20.00 to C$18.00 and set a “buy” rating on the stock in a research report on Wednesday, March 20th. Raymond James cut their target price on MAG Silver from C$21.00 to C$19.50 and set an “outperform” rating on the stock in a research report on Thursday, March 28th. Finally, Stifel Nicolaus upped their price target on MAG Silver from C$19.00 to C$19.50 and gave the company a “buy” rating in a research report on Thursday, March 28th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$19.69.

About MAG Silver

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.