Pan American Silver Corp (Symbol: PAAS) recently saw its shares rise above the average analyst 12-month target price of $64.59, trading at $64.70 each. This shift prompts analysts to consider either downgrading their valuation or raising the target price. Notably, the range of analyst price targets spans from as low as $51.00 to as high as $88.00, with a standard deviation of $10.724.
Currently, among the 10 analysts covering Pan American Silver, there are 5 strong buy ratings, 1 buy rating, and 4 hold ratings, with no sell or strong sell ratings issued. The average analyst rating stands at 1.9, indicating a generally favorable outlook on the stock.
Investors are encouraged to reassess their positions, as PAAS’s price crossing the average target suggests potential for further gains or the need for caution regarding overvaluation.
