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 stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of C$16.91, for a total transaction of C$317,552.89.

MAG Silver Stock Up 0.1 %

MAG stock opened at C$16.44 on Tuesday. The firm has a market capitalization of C$1.69 billion, a P/E ratio of 25.69, a P/E/G ratio of 0.84 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 15.04 and a quick ratio of 25.31. The company’s 50 day simple moving average is C$13.09 and its 200-day simple moving average is C$13.70. MAG Silver Corp. has a 52-week low of C$11.15 and a 52-week high of C$18.51.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last released its quarterly earnings data on Tuesday, March 19th. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.18 by C$0.01. As a group, equities research analysts anticipate that MAG Silver Corp. will post 0.5547739 EPS for the current year.

Analyst Ratings Changes

MAG has been the subject of several recent research reports. Stifel Nicolaus increased their target price on shares of MAG Silver from C$19.00 to C$19.50 and gave the company a “buy” rating in a research note on Thursday, March 28th. BMO Capital Markets cut their target price on shares of MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. TD Securities cut their price target on shares of MAG Silver from C$20.00 to C$18.00 and set a “buy” rating on the stock in a report on Wednesday, March 20th. Finally, Raymond James cut their price target on shares of MAG Silver from C$21.00 to C$19.50 and set an “outperform” rating on the stock in a report on Thursday, March 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, MAG Silver currently has a consensus rating of “Moderate Buy” and an average 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.