Upgraded But Not Unscathed: Pan American Silver's Recent Boost Comes with Caveats The latest upgrade of Pan American Silver (PAAS) by TD Securities to a "Buy" rating, accompanied by a price target hike to $72 from $67, has sent waves through the market.
The move is driven by improved expectations for the company, fueled by updates on its La Colorada Skarn project and strong Q1 earnings.
On May 5th, Pan American Silver reported impressive quarterly results: adjusted EPS of $1. 09 exceeded estimates, revenue reached $1. 15 billion, and attributable revenue hit $1.