MAG Silver (MAG) Reaches New 1-Year Low at $12.57

MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$12.57 and last traded at C$12.64, with a volume of 109918 shares changing hands. The stock had previously closed at C$12.82.

Several research analysts have issued reports on MAG shares. National Bank Financial dropped their price target on 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. Scotiabank dropped 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 reaffirmed a “buy” rating on shares of MAG Silver in a report on Wednesday, November 8th. Finally, Raymond James Financial set a C$21.00 price target on MAG Silver and gave the company an “outperform” rating in a report on Monday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of C$22.75.

The firm has a market cap of $1,140.00, a PE ratio of -15.56 and a beta of -0.21.

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

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

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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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