MAG Silver Corp (TSE:MAG) Director Daniel Thomas Macinnis Sells 25,000 Shares

MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG) Director Daniel Thomas Macinnis sold 25,000 shares of the stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of C$24.00, for a total value of C$600,000.00. Following the completion of the sale, the director now directly owns 217,488 shares of the company’s stock, valued at C$5,219,712.

Daniel Thomas Macinnis also recently made the following trade(s):

  • On Wednesday, July 8th, Daniel Thomas Macinnis sold 42,300 shares of MAG Silver stock. The stock was sold at an average price of C$19.50, for a total value of C$824,850.00.
  • On Tuesday, June 30th, Daniel Thomas Macinnis sold 7,700 shares of MAG Silver stock. The stock was sold at an average price of C$19.50, for a total value of C$150,150.00.

Shares of TSE:MAG opened at C$22.63 on Friday. The company’s 50-day moving average is C$19.36 and its 200 day moving average is C$15.33. The company has a debt-to-equity ratio of 0.24, a quick ratio of 103.87 and a current ratio of 104.90. The company has a market capitalization of $2.06 billion and a P/E ratio of -103.33. MAG Silver Corp has a fifty-two week low of C$5.33 and a fifty-two week high of C$24.09.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its quarterly earnings data on Friday, May 15th. The company reported C($0.23) EPS for the quarter. As a group, research analysts predict that MAG Silver Corp will post 0.29 earnings per share for the current year.

Several brokerages have recently commented on MAG. Canaccord Genuity reissued a “speculative buy” rating and issued a C$21.25 price objective on shares of MAG Silver in a research note on Tuesday, May 26th. National Bank Financial upped their price objective on 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. Raymond James lifted their target price on MAG Silver from C$22.00 to C$22.50 and gave the stock a “market perform” rating in a research note on Wednesday, July 15th. Scotiabank set a C$20.00 price target on shares of MAG Silver and gave the stock an “outperform” rating in a report on Tuesday, May 26th. Finally, Cormark reissued a “top pick” rating and issued a C$18.60 price target on shares of MAG Silver in a report on Tuesday, May 26th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. MAG Silver has a consensus rating of “Buy” and an average price target of C$21.48.

MAG Silver Company Profile

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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Insider Buying and Selling by Quarter for MAG Silver (TSE:MAG)

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