MAG Silver price target raised to $23 from $20.50 at Scotiabank

Scotiabank raised the firm’s price target on MAG Silver (MAG) to $23 from $20.50 and keeps an Outperform rating on the shares. The firm is ascribing a “positive bias” to the company’s Q2 results, as Juanicipio continues to focus on cost control and optimization efforts, the analyst tells investors.