Jefferies Maintains Buy Rating for Pan American Silver Despite Lowered Price Target
On July 6, Jefferies lowered its price target for Pan American Silver (PAAS) to $53 from $54 but maintained a 'Buy' rating. The firm cited declining gold prices and rising diesel costs as factors affecting Q2 margins. BofA also reduced PAAS's price target on July 9.
Tickers: $PAAS
Topics: commodity markets gold prices stock rating