BMO Capital Markets Reiterates Mag Silver at Outperform on Updated Juancipio Assessment

BMO Capital Markets maintains its Outperform rating on Mag Silver MAG as the company released an updated preliminary economic assessment examining development of the Juanicipio project in Mexico. BMO Capital Markets comments, "Increased capital and operating costs relative to our previous estimates has reduced our 10% NAV estimate materially. Based on changes made to our assumptions, BMO Research's 10% NAV estimate (at spot metals prices) decreased by 29%. However, the project, by virtue of its high grades and high estimated recoveries, remains robust." MAG closed at $8.89 on Thursday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetReiterationIntraday UpdateAnalyst RatingsBMO Capital MarketsElectrical Components & EquipmentIndustrials
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!