MAG Silver Corp (MAG) Director Richard Mark Colterjohn Sells 2,000 Shares

MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG) Director Richard Mark Colterjohn sold 2,000 shares of the firm’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 transaction of C$30,200.00.

MAG Silver Corp (TSE MAG) traded down C$0.36 during trading on Friday, reaching C$15.02. 324,034 shares of the company’s 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 analysts have recently weighed in on MAG shares. Scotiabank decreased their price target on shares of 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. HC Wainwright reissued a “buy” rating on shares of MAG Silver in a research report on Wednesday, November 8th. Finally, 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 for the company in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently 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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