Pan American Silver Corp. (PAAS): A Top Silver Mining Stock to Buy Right Now
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 20 2024
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Source: Yahoo Finance
Silver Market Overview: Silver prices have increased by over 25% in 2024 due to high industrial demand, particularly from the renewable energy sector and electronics, alongside geopolitical tensions affecting market stability. The Silver Institute projects a significant rise in silver demand, especially for solar power, which has more than doubled in the last five years.
Pan American Silver Corp. Insights: Pan American Silver Corp. (NYSE:PAAS) is highlighted as a strong investment option, ranking second among the best silver mining stocks. The company is expected to benefit from increased production at its La Colorada mine and ongoing exploration efforts, with analysts projecting a price target of $28.00 per share.
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.
