Commodities● Neutral
Jefferies, BofA Trim PAAS Price Targets, Keep Buy
Gold's drop from ~$4,700 to ~$4,200/oz since Q1 sets up Q2 margin contraction for PAAS. BofA sees tough conditions through autumn.
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Two analysts cut their price targets on Pan American Silver Corp. (NYSE:PAAS) this month but kept Buy ratings. Jefferies lowered its target to $53 from $54, noting gold has fallen from about $4,700/oz to roughly $4,200/oz since the first quarter. The bank expects Q2 margin contraction from lower gold prices and higher diesel costs. BofA lowered its target to $69 from $77, citing reductions in commodity price forecasts for precious and base metals. The firm sees challenging market conditions through autumn before a potential recovery.
PAAS carries an Alpha Score of 67 out of 100, labeled Moderate, in the Basic Materials sector.
How this story was producedLast reviewed Jul 14, 2026
Prepared with AlphaScala editorial tooling from the source reporting linked above. Indexable analysis may include a cited Alpha Score value. Publishing checks screen each story before release. Educational coverage, not personalized advice.
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