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Fly News Breaks for September 5, 2019
PAAS
Sep 5, 2019 | 06:23 EDT
RBC Capital analyst Mark Mihaljevic upgraded Pan American Silver to Outperform and raised his price target to $23 from $17. The analyst sees the company as "one of the highest-quality silver producers globally" and anticipates more upside to come from its Tahoe asset. Mihaljevic adds that the market is discounting much of the company's portfolio, with the restart of Escobal being the most significant opportunity in its pipeline.