BofA raised the firm’s price target on Pan American Silver (PAAS) to $50 from $44 and keeps a Buy rating on the shares. The firm raised price targets for its North American precious metals coverage by 16% on average on the back of higher gold and silver price forecasts, telling investors that the firm’s commodities team now forecasts gold to reach $5,000 per ounce and silver to hit $65 per ounce.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PAAS:
- Unusually active option classes on open October 15th
- Pan American Silver to Release Q3 2025 Results on November 12
- Pan American Silver price target raised to $62 from $50 at CIBC
- Unusually active option classes on open October 6th
- Pan American Silver call volume above normal and directionally bullish