From todays Globe In response to the release of its third-quarter production results at its Juanicipio deposit in Mexico, Raymond James’ Brian MacAthur raised his MAG Silver Corp. (
) target by $3 to $26 with an “outperform” rating. The average is $25.01.
“We believe that MAG is one of the better options for investors looking for exposure to silver, given its 44-per-cent interest in the world-class Juanicipio joint venture (JV), which is a district scale, low-cost, high-grade silver development project with a strong partner and meaningful exploration potential,” he said. “Given the quality of the asset, a strong partner, and exploration potential, we rate the shares Outperform.”