Analysts Raise Pan American Silver (PAAS) Price Targets

Core Viewpoint - Pan American Silver Corp. (NYSE:PAAS) is recognized as one of the best gold mining companies to invest in, with recent price target increases from RBC Capital and BofA Securities indicating strong market confidence in the company's future performance [1][2]. Group 1: Price Target Increases - RBC Capital raised its price target on Pan American Silver Corp. from $45 to $55 while maintaining a Buy rating [1]. - BofA Securities also increased its price target from $46 to $51, projecting a significant rise in gold prices, potentially reaching $5,000 per ounce by 2026 [2]. - Analysts suggest that if gold prices follow the trajectory of the 2000s bull cycle, there could be an upside to $7,000 per ounce [3]. Group 2: Market Outlook and Company Position - BofA Securities anticipates that macroeconomic factors supporting gold prices will remain in place, making gold a top trade for 2026 with a projected 10% return [3]. - The research indicates that North American mining companies, including Pan American Silver, are well-positioned to benefit from potential gains in gold prices [4]. - Pan American Silver operates mines across several countries in the Americas, establishing itself as a leading producer of silver and gold [5].