Pan American Silver Corp's stock is down 5.22% in pre-market trading, crossing below the 5-day SMA. This decline occurs as the Nasdaq-100 is down 0.75% and the S&P 500 is down 0.50%, indicating broader market weakness.
The drop in Pan American Silver's stock price is attributed to sector rotation, as the overall market sentiment is negatively impacted by the underperformance of related sectors. Investors are reassessing their positions amid a general decline in precious metals stocks, despite recent surges in silver prices.
The implications of this movement suggest that while silver prices have reached record highs, the stock of Pan American Silver is facing pressure from broader market trends. This could lead to increased volatility in the stock as investors navigate the shifting market landscape.
Wall Street analysts forecast PAAS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for PAAS is 49.70 USD with a low forecast of 43.19 USD and a high forecast of 55.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
Wall Street analysts forecast PAAS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for PAAS is 49.70 USD with a low forecast of 43.19 USD and a high forecast of 55.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Buy
2 Hold
0 Sell
Moderate Buy
Current: 64.820
Low
43.19
Averages
49.70
High
55.00
Current: 64.820
Low
43.19
Averages
49.70
High
55.00
Scotiabank
Outperform
maintain
$47 -> $64
2026-01-26
New
Reason
Scotiabank
Price Target
$47 -> $64
AI Analysis
2026-01-26
New
maintain
Outperform
Reason
Scotiabank raised the firm's price target on Pan American Silver to $64 from $47 and keeps an Outperform rating on the shares. The firm is updating its price targets for Gold & Precious Minerals stocks under its coverage, the analyst tells investors. The firm has increased both gold and silver forecasts, supported by economic and geopolitical uncertainty as well as strong central bank buying.
BofA
Buy
maintain
$68 -> $73
2026-01-23
New
Reason
BofA
Price Target
$68 -> $73
2026-01-23
New
maintain
Buy
Reason
BofA raised the firm's price target on Pan American Silver to $73 from $68 and keeps a Buy rating on the shares after the company reported Q4 preliminary production and 2026 guidance. Given the increasingly bullish demand outlook for silver, the firm increases its target price to net asset value valuation multiple and notes that it sees several potential upcoming catalysts.
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Jefferies
Hold
downgrade
$58 -> $54
2026-01-21
Reason
Jefferies
Price Target
$58 -> $54
2026-01-21
downgrade
Hold
Reason
Jefferies lowered the firm's price target on Pan American Silver to $54 from $58 and keeps a Hold rating on the shares. The firm cites the company's Q4 production results coming mixed, with gold volumes having missed and silver volumes beating consensus estimates, the analyst tells investors in a research note. 2026 guidance also calls for lower than expected production volumes across all metals and higher costs, capex, and cash taxes, the firm added.
BofA
Lawson Winder
Buy
maintain
$61 -> $68
2026-01-19
Reason
BofA
Lawson Winder
Price Target
$61 -> $68
2026-01-19
maintain
Buy
Reason
BofA analyst Lawson Winder raised the firm's price target on Pan American Silver to $68 from $61 and keeps a Buy rating on the shares. The firm raise increased targets across the North American precious metals group. Many of the macro drivers that pushed gold prices higher "have intensified," the analyst tells investors in a research note. BofA expects company capital returns in Q4 to be strong.
About PAAS
Pan American Silver Corp. is a producer of silver and gold in the Americas, operating mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina. It owns a 100% interest in the Escobal mine in Guatemala, and it holds interests in exploration and development projects. Its segments include Silver, Gold and Other. Silver segment includes operations of La Colorada, Huaron, San Vicente, Cerro Moro, La Colorada Skarn, Navidad and Escobal. Gold segment includes operations in Dolores, Shahuindo, Timmins, Jacobina, El Penon and Minera Florida. La Colorada mine produces silver-rich lead and zinc concentrates from a flotation plant treating sulfide ore. Huaron mine produces silver-rich zinc, lead and copper concentrates using floatation technology. It owns 44% joint venture interest in the Juanicipio silver mine in Zacatecas, Mexico, operated by Fresnillo plc, along with 100% ownership of the Larder exploration project and a 100% earn-in interest in the Deer Trail exploration project.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
