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 stock was sold at an average price of C$15.10, for a total transaction of C$30,200.00.
Shares of MAG Silver Corp (MAG) traded down C$0.36 during trading hours on Friday, hitting C$15.02. 324,034 shares of the stock were exchanged, compared to its average volume of 232,030. MAG Silver Corp has a 1 year low of C$12.75 and a 1 year high of C$21.99.
A number of equities analysts have recently commented on the stock. National Bank Financial decreased their price target 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 reissued a “buy” rating on shares of MAG Silver in a report on Wednesday, November 8th. Finally, Scotiabank decreased their price target on shares of MAG Silver from C$20.00 to C$19.00 and set an “outperform” rating on the stock 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 issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of C$22.83.
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About MAG Silver
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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