MAG Silver Corp (TSE:MAG) Senior Officer Sells C$353,000.00 in Stock

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MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG) Senior Officer Larry Taddei sold 25,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of C$14.12, for a total transaction of C$353,000.00. Following the completion of the sale, the insider now owns 86,354 shares in the company, valued at C$1,219,318.48.

Shares of MAG Silver stock opened at C$14.01 on Tuesday. The company has a market capitalization of $1.21 billion and a P/E ratio of -175.13. The company has a quick ratio of 90.88, a current ratio of 91.28 and a debt-to-equity ratio of 0.27. MAG Silver Corp has a 52 week low of C$8.10 and a 52 week high of C$15.44.

MAG Silver (TSE:MAG) (NYSEAMERICAN:MAG) last announced its quarterly earnings data on Monday, April 1st. The company reported C($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.01) by C($0.04). Analysts expect that MAG Silver Corp will post 0.41 EPS for the current fiscal year.

Several equities analysts recently commented on MAG shares. Raymond James reaffirmed an “outperform” rating and issued a C$19.00 price objective on shares of MAG Silver in a research report on Saturday, April 13th. BMO Capital Markets increased their price objective on shares of MAG Silver from C$16.50 to C$17.50 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Finally, Canaccord Genuity decreased their price objective on shares of MAG Silver from C$21.00 to C$19.50 in a research report on Saturday, April 13th.

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About MAG Silver

MAG Silver Corp. focuses on acquiring, exploring, and development of mineral properties in Canada. It explores for copper, gold, silver, lead, and zinc deposits. The company primarily holds interests in the Juanicipio property covering 7,679 hectares located in the Fresnillo District, Zacatecas State, Mexico.

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