Insider Selling: MAG Silver Corp (MAG) Director Sells 2,000 Shares of Stock

MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG) Director Richard Mark Colterjohn sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of C$15.10, for a total value of C$30,200.00.

MAG Silver Corp (TSE:MAG) traded up C$0.07 during trading on Wednesday, reaching C$14.62. The company’s stock had a trading volume of 107,838 shares, compared to its average volume of 231,879. MAG Silver Corp has a fifty-two week low of C$12.75 and a fifty-two week high of C$21.99.

Several analysts recently issued reports on MAG shares. HC Wainwright reissued a “buy” rating on shares of MAG Silver in a research note on Wednesday, November 8th. National Bank Financial cut their price objective on MAG Silver from C$23.00 to C$21.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 29th. Finally, Scotiabank cut their price objective on MAG Silver from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research 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. MAG Silver presently has an average rating of “Buy” and an average target price 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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