Insider Buying: MAG Silver Corp (TSE:MAG) Insider Acquires 5,500 Shares of Stock

MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG) insider Michael John Curlook acquired 5,500 shares of the business’s stock in a transaction dated Thursday, November 23rd. The stock was acquired at an average cost of C$14.10 per share, for a total transaction of C$77,550.00.

Michael John Curlook also recently made the following trade(s):

  • On Wednesday, November 29th, Michael John Curlook bought 22,000 shares of MAG Silver stock. The shares were purchased at an average price of C$13.80 per share, for a total transaction of C$303,600.00.

MAG Silver Corp (MAG) traded up C$0.15 during mid-day trading on Wednesday, reaching C$13.87. The company’s stock had a trading volume of 161,687 shares, compared to its average volume of 233,713. MAG Silver Corp has a 52 week low of C$12.75 and a 52 week high of C$21.99.

MAG has been the topic of several research reports. National Bank Financial decreased their price objective on shares of MAG Silver from C$27.00 to C$23.00 and set an “outperform” rating on the stock in a report on Wednesday, November 8th. HC Wainwright reaffirmed a “buy” rating on shares of MAG Silver in a research report on Wednesday, November 8th. Finally, Scotiabank dropped their target price on shares of MAG Silver from C$20.00 to C$19.00 and set an “outperform” rating for the company in a report on Wednesday, November 15th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. MAG Silver currently has a consensus rating of “Buy” and a consensus target price of C$22.83.

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MAG Silver Company Profile

MAG Silver Corp. is a mineral exploration and development company. The Company is focused on the acquisition, exploration and development of projects located within the Mexican silver belt. The Company operates through the exploration of mineral properties in Mexico segment. The Company’s projects include Juanicipio Property, Cinco De Mayo Property and Guigui Property.

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