MAG Silver price target raised to $21 from $18 at Roth Capital

Roth Capital raised the firm’s price target on MAG Silver (MAG) to $21 from $18 and keeps a Neutral rating on the shares. The firm is updating its model on miners after increasing its gold price forecast from $3,100 to $3,294 per ounce for Q2, from $2,350 to $3,300 for Q3, and from $2,300 to $3,150 for Q4 2025. For silver, Roth is increasing its Q2 2025 forecast from $31.00 to $33.22, Q3 forecast from $27.65 to $35.50, and Q4 forecast from $27.06 to $35.00 per ounce.