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Scotiabank raised the firm’s price target on MAG Silver (MAG) to $18.50 from $18 and keeps a Sector Perform rating on the shares. The firm has a positive outlook on the Gold & Precious Minerals sector, the analyst tells investors. The firm expects consolidation to continue into 2025, with heightened marketing & acquisition activity enabling companies to optimize their asset portfolios.

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Read More on MAG:

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• MAG Silver Corp. Announces June 2025 Shareholder Meeting

• MAG Silver price target raised to C$29 from C$27 at Raymond James

• MAG Silver price target raised to C$32.75 from C$30.50 at National Bank

• MAG Silver Corp. Announces New Dividend Policy and Inaugural Dividend

• MAG Silver price target lowered to $16 from $16.50 at Roth MKM