Daniel Thomas Macinnis Sells 25,000 Shares of MAG Silver Corp (TSE:MAG) Stock
MAG Silver Corp (TSE:MAG) (NYSEAMERICAN:MAG) Director Daniel Thomas Macinnis sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of C$15.00, for a total value of C$375,000.00. Following the completion of the sale, the director now owns 316,288 shares in the company, valued at approximately C$4,744,320.
Daniel Thomas Macinnis also recently made the following trade(s):
- On Tuesday, April 16th, Daniel Thomas Macinnis sold 19,337 shares of MAG Silver stock. The shares were sold at an average price of C$12.66, for a total value of C$244,806.42.
MAG Silver stock opened at C$13.96 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 90.88 and a current ratio of 91.28. MAG Silver Corp has a 12 month low of C$8.10 and a 12 month high of C$15.44. The company has a market capitalization of $1.21 billion and a price-to-earnings ratio of -174.50.
MAG has been the topic of several recent research reports. BMO Capital Markets upped their price objective on MAG Silver from C$16.50 to C$17.50 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Raymond James restated an “outperform” rating and issued a C$19.00 price objective on shares of MAG Silver in a research report on Wednesday, March 6th. Finally, Canaccord Genuity lowered their price objective on MAG Silver from C$21.00 to C$19.50 in a research report on Saturday, April 13th.
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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