MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG) Director Richard Mark Colterjohn sold 2,000 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of C$15.10, for a total value of C$30,200.00.
Shares of MAG Silver Corp (MAG) traded up C$0.07 on Friday, reaching C$15.52. The company’s stock had a trading volume of 110,608 shares, compared to its average volume of 175,237. MAG Silver Corp has a 12 month low of C$12.94 and a 12 month high of C$21.99. The firm has a market cap of $1,320.00, a PE ratio of -18.93 and a beta of 0.02.
A number of analysts have recently weighed in on MAG shares. National Bank Financial lowered their price objective on MAG Silver from C$27.00 to C$23.00 and set an “outperform” rating for the company in a research report on Wednesday, November 8th. HC Wainwright reissued a “buy” rating on shares of MAG Silver in a research report on Wednesday, November 8th. Finally, Scotiabank lowered their price objective on MAG Silver from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research report on Wednesday, November 15th. One 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. The company presently has a consensus rating of “Buy” and an average price target of C$22.83.
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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