Roth Capital analyst Joe Reagor raised the firm’s price target on MAG Silver (MAG) to $22 from $21 and keeps a Neutral rating on the shares after the company announced Q2 production results for the Juanicipio joint venture that the firm called “mixed compared to our expectations, but with a positive skew overall.” The firm’s increased price target reflects the current value of the Pan American (PAAS) offer, the analyst noted.
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