BofA raised the firm’s price target on Pan American Silver (PAAS) to $73 from $68 and keeps a Buy rating on the shares after the company reported Q4 preliminary production and 2026 guidance. Given the increasingly bullish demand outlook for silver, the firm increases its target price to net asset value valuation multiple and notes that it sees several potential upcoming catalysts.
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Read More on PAAS:
- Pan American Silver price target lowered to $54 from $58 at Jefferies
- Pan American Silver Beats 2025 Output Targets and Lifts 2026 Guidance on Stronger Margins
- Pan American Silver reports Q4 attributable gold production of 742,200 ounces
- Pan American Silver price target raised to $68 from $61 at BofA
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