Pan American Silver, the Basic Materials sector company, was revisited by a Wall Street analyst today. Analyst Lawson Winder from Bank of America Securities maintained a Buy rating on the stock and has a $50.00 price target.
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Lawson Winder has given his Buy rating due to a combination of factors including Pan American Silver’s increased silver production guidance and improved financial outlook. The company reported mixed earnings for Q3’25, with adjusted EPS aligning with consensus but falling short of Bank of America’s expectations, and EBITDA below both BofA and consensus estimates. However, the acquisition of the Juanicipio mine has led to a 9% increase in silver production guidance for 2025, which is a positive development.
Additionally, Pan American Silver’s balance sheet remains strong, with a net cash position following the acquisition, and the company has increased its dividend by 17% compared to the previous quarter. Despite the mixed earnings, the overall outlook for Pan American Silver is seen as improved, and the stock is considered undervalued following the underperformance in 2025. These factors contribute to the expectation that Pan American Silver will outperform, justifying the Buy rating.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a C$60.00 price target.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PAAS in relation to earlier this year.

