Fly News Breaks for March 4, 2020
Mar 4, 2020 | 06:44 EDT
BofA analyst Lawson Winder upgraded Pan American Silver to Neutral from Underperform with a price target of $25, up from $20.50. The analyst cites valuation in his rating change as his target price to net asset value multiple rises to 2-times from 1.75-times, which is in line with his other covered precious metal producers with similar attributes. Winder is also positive on Pan American Silver's solid balance, asset diversification and a shareholder friendly capital return profile.
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