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BMO Capital Markets Reiterates Pan American Silver with Outperform, $35 PT; Q1 EPS Beat

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BMO Capital Markets reiterates its Outperform rating with a $35 target price on Pan American Silver (NASDAQ: PAAS)

BMO Capital Markets notes, "PAAS posted a strong operational Q1/12. PAAS has increased 2012 production guidance to incorporate Dolores and is now forecasting 24.25-25.5Moz silver and 124-133koz gold (previously 21-22.5Moz silver and 75-80koz of gold) at by-product cash costs of US$11.50-12.50/oz silver (previously $12.50-13.50)."

PAAS closed at $15.92 on Tuesday.

Posted-In: BMO Capital MarketsAnalyst Color Price Target Reiteration Pre-Market Outlook Analyst Ratings

 

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