Wall Street Analysts Predict a 33.18% Upside in Pan American Silver (PAAS): Here's What You Should Know

Core Viewpoint - Pan American Silver (PAAS) shows significant upside potential with a mean price target of $31.35, indicating a 33.2% increase from its current price of $23.54 [1] Price Targets and Analyst Estimates - The mean estimate consists of nine short-term price targets with a standard deviation of $3.78, suggesting variability in analyst predictions [2] - The lowest estimate of $27.36 indicates a 16.2% increase, while the highest estimate suggests a potential surge of 61.4% to $38 [2] - A low standard deviation among price targets indicates a high degree of agreement among analysts regarding the stock's price movement [9] Earnings Estimates and Analyst Sentiment - Analysts are optimistic about PAAS's earnings prospects, as indicated by a positive trend in earnings estimate revisions [4][11] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 10.2%, with four estimates moving higher and three lower [12] - PAAS holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] Caution on Price Targets - Solely relying on consensus price targets for investment decisions may not be wise, as analysts' ability to set accurate targets has been questioned [3][10] - Analysts often set overly optimistic price targets due to business incentives, which can lead to inflated expectations [8]