Insider Buying: MAG Silver Corp (TSE:MAG) Insider Acquires 22,000 Shares of Stock

MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG) insider Michael John Curlook purchased 22,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were bought at an average cost of C$13.80 per share, for a total transaction of C$303,600.00.

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

  • On Thursday, November 23rd, Michael John Curlook acquired 5,500 shares of MAG Silver stock. The stock was acquired at an average cost of C$14.10 per share, for a total transaction of C$77,550.00.

Shares of MAG Silver Corp (TSE:MAG) opened at C$14.62 on Wednesday. MAG Silver Corp has a 12 month low of C$12.75 and a 12 month high of C$21.99.

Several equities research analysts have recently commented on the company. Scotiabank decreased their price target on MAG Silver from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 15th. HC Wainwright restated a “buy” rating on shares of MAG Silver in a research report on Wednesday, November 8th. Finally, National Bank Financial cut their price objective on MAG Silver from C$23.00 to C$21.00 and set an “outperform” rating for the company in a research report on Wednesday, November 29th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target 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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