Pan American Silver price target lowered to $54 from $58 at Jefferies

Group 1 - Jefferies has lowered the price target on Pan American Silver (PAAS) to $54 from $58 while maintaining a Hold rating on the shares [1] - The company's Q4 production results were mixed, with gold volumes missing expectations and silver volumes exceeding consensus estimates [1] - The 2026 guidance indicates lower than expected production volumes across all metals, along with higher costs, capital expenditures, and cash taxes [1]