The Globe and Mail reports in its Friday, March 29, edition that Stifel analyst Stephen Soock has reaffirmed his "buy" recommendation for Mag Silver. The Globe's David Leeder writes in the Eye On Equities column that Mr. Soock gave his share target a 50-cent boost to $19.50. Analysts on average target the shares at $19.94. Mr. Soock says in a note: "Mag Silver released an updated technical report for their 44-per-cent-owned Juanicipio mine in Mexico which also includes an inaugural reserve estimate of 15.4Mt at an average 599 g/t AgEq [silver equivalent] over 13-year mine life plus base metal grades from the inferred resource higher than we anticipated. The LOM [life-of-mine] average site level AISC shown of $12.35/oz AgEq was 3.2 per cent lower than we had modeled. Production is lower in the near term due to lower than previously expected recoveries and payabilities. Mag trades at a spot P/NAV of 0.66 times and a three-year forward spot FCF yield of 6.8 per cent. We are adjusting our target price to $19.50 per share based on our NAV increasing 3 per cent and an unchanged target P/NAV multiple of 1.05 times (driven by the exceptionally strong near term cash flows). We believe the stock offers great value."