Analyst RecommendationAnalyst reiterates Buy rating on shares of MAG Silver and increases the price target to $18 from $17.
Financial PerformanceMAG Silver recorded $25.1M of income from its equity-accounted investment in Juanicipio, resulting in net income of $21.6M, or $0.21 per share.
Production ResultsSilver production significantly surpassed estimates, driven by higher than estimated silver grades and recovery rates.