PI Financial - Initiated Coverage - MAG Silver Inc. (TSX: MAG) (NYSE MKT: MVG) Sept 16th

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PI Financial has initiated coverage on MAG Silver, symbol MAG on the Toronto Stock Exchange. (also NYSE MKT: MVG) Analyst Philip Ker gives the company a buy recommendation, with a speculative risk rating, and a 12-month target of $9.00, a premium of 15% to the $7.80 price the day the report was issued.

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