The Globe and Mail reports in its Saturday, May 27, edition that BMO Nesbitt Burns analyst Andrew Kaip upgraded Mag Silver in order to "take advantage" of recent share price weakness. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kaip, raising the stock to "outperform" from "market perform," expects the development plans for the Juanicipio joint-venture project in Mexico to be adjusted in the near future. Mag owns a 46-per-cent interest in the JV with Fresnillo. Mr. Kaip says in a note: "FRES has begun the permitting process, which would include a higher start-up throughput rate of 4,000 tons per day (previously 2,650 tpd) and the sinking of an internal shaft (or winze). When the permit approval is received in Q2/17E these modifications should incrementally increase project capital costs and delay first production to the first half of 2019. Mag is expected to release an updated Juanicipio technical report in Q2/17 that will include design modifications and incorporate recent deep drilling results that will add to the current M&I resource (100 per cent) of 248Moz silver and 1.4Moz gold." He continues to target the shares at $20. Analysts on average target the shares at $25.83.