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The latest announcement is out from Pan American Silver ( (TSE:PAAS) ).
Pan American Silver Corp. has completed its acquisition of MAG Silver Corp., enhancing its position as a top silver producer. This transaction adds a 44% joint venture interest in the high-grade Juanicipio silver mine in Mexico and full ownership of the Larder and Deer Trail exploration projects. The acquisition is expected to significantly boost Pan American’s silver reserves, production, and cash flow, while also welcoming MAG shareholders to a larger, diversified silver and gold producer. The MAG shares will be delisted from the Toronto Stock Exchange and NYSE American, and Pan American is applying for MAG to cease being a reporting issuer under Canadian securities laws.
The most recent analyst rating on (TSE:PAAS) stock is a Buy with a C$40.00 price target. To see the full list of analyst forecasts on Pan American Silver stock, see the TSE:PAAS Stock Forecast page.
Spark’s Take on TSE:PAAS Stock
According to Spark, TipRanks’ AI Analyst, TSE:PAAS is a Outperform.
Pan American Silver’s overall stock score is driven by strong financial performance and positive technical indicators. The company’s record earnings and strategic growth plans, including the acquisition of MAG Silver, enhance its outlook. While the valuation is moderate, the positive earnings call sentiment and robust financial health support a favorable stock assessment.
To see Spark’s full report on TSE:PAAS stock, click here.
More about Pan American Silver
Pan American Silver Corp. is a leading producer of silver and gold in the Americas, with operations in Canada, Mexico, Peru, Brazil, Bolivia, Chile, and Argentina. The company also holds interests in exploration and development projects and is known for its sustainability performance, operational excellence, and prudent financial management. Headquartered in Vancouver, B.C., its shares trade on the New York Stock Exchange and the Toronto Stock Exchange under the symbol ‘PAAS’.
Average Trading Volume: 1,125,905
Technical Sentiment Signal: Buy
Current Market Cap: C$17.1B
See more data about PAAS stock on TipRanks’ Stock Analysis page.