MAG Silver (MAG) Trading Down 1.2%

MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG) shares traded down 1.2% during mid-day trading on Thursday . The company traded as low as C$15.03 and last traded at C$15.07. 143,577 shares were traded during trading, a decline of 13% from the average session volume of 165,618 shares. The stock had previously closed at C$15.26.

A number of research analysts recently issued reports on the company. Scotiabank reduced their price target on 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. HC Wainwright restated a “buy” rating on shares of MAG Silver in a report on Wednesday, November 8th. Finally, National Bank Financial reduced their price target on MAG Silver from C$23.00 to C$21.00 and set an “outperform” rating on the stock in a report on Wednesday, November 29th. One equities research 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 stock. The stock presently has an average rating of “Buy” and a consensus target price of C$22.83.

The stock has a market capitalization of $1,290.00, a price-to-earnings ratio of -17.78 and a beta of 0.02.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last posted its earnings results on Monday, November 13th. The company reported C($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.03) by C$0.02.

In other news, insider Michael John Curlook bought 22,000 shares of MAG Silver stock in a transaction on Wednesday, November 29th. The shares were purchased at an average price of C$13.80 per share, for a total transaction of C$303,600.00. Also, Director Richard Mark Colterjohn sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of C$15.10, for a total value of C$30,200.00.

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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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