BofA raised the firm’s price target on Pan American Silver (PAAS) to $44 from $40 and keeps a Buy rating on the shares following the company’s annual reserve and resource estimate update. The firm cites increasing exploration upside potential for target bump, particularly at Pan American’s La Colorada mine. It continues to like the company’s “unique and high quality exposure” to both gold and silver.
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Read More on PAAS:
- Pan American Silver Reports Updated Mineral Reserves and Resources
- Pan American Silver announces mineral reserves, resources at June 30
- Pan American Silver Unveils High-Grade Discoveries at La Colorada Mine
- Pan American Silver announces drill results for La Colorada mine
- Pan American Silver price target raised to C$45 from C$38 at BMO Capital