Pan American Silver to buy MAG Silver for $2.1B
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 12 2025
0mins
Source: SeekingAlpha
Acquisition Details: Pan American Silver will acquire all common shares of MAG for approximately $2.1 billion, equating to $20.54 per share, with the transaction expected to close in H2 2025.
Strategic Importance: The acquisition enhances Pan American's portfolio by adding the high-grade Juanicipio silver mine and offers growth opportunities through exploration at Juanicipio and other properties owned by MAG.
Analyst Views on PAAS
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 46.55 USD with a low forecast of 29.81 USD and a high forecast of 62.00 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.
8 Analyst Rating
6 Buy
2 Hold
0 Sell
Strong Buy
Current: 55.880
Low
29.81
Averages
46.55
High
62.00
Current: 55.880
Low
29.81
Averages
46.55
High
62.00
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.
