MAG Silver Corp (TSE:MAG) Director Sells C$73,600.00 in Stock

MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG) Director Richard Mark Colterjohn sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of C$14.72, for a total transaction of C$73,600.00. Following the sale, the director now owns 19,406 shares in the company, valued at C$285,656.32.

MAG opened at C$13.96 on Wednesday. The stock has a market cap of $1.21 billion and a PE ratio of -174.50. MAG Silver Corp has a 52-week low of C$8.10 and a 52-week high of C$15.44. The company has a quick ratio of 90.88, a current ratio of 91.28 and a debt-to-equity ratio of 0.27.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last issued its earnings results on Monday, April 1st. The company reported C($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.01) by C($0.04). On average, equities research analysts forecast that MAG Silver Corp will post 0.41 earnings per share for the current year.

Several equities research analysts have recently weighed in on MAG shares. Raymond James reissued an “outperform” rating and issued a C$19.00 price objective on shares of MAG Silver in a report on Saturday, April 13th. Canaccord Genuity reduced their price objective on MAG Silver from C$21.00 to C$19.50 in a research note on Saturday, April 13th. Finally, BMO Capital Markets boosted their price target on MAG Silver from C$16.50 to C$17.50 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th.

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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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