UPDATE: Canaccord Genuity Lowers PT to $20 on Pan American Silver Corp; Limited Multiples - Pan American Silver (NYSE:PAAS)

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Canaccord Genuity reduces its price target from $25.50 to $20 on Pan American Silver Corp (NASDAQ: PAAS) as it reiterates a Hold rating on shares. Canaccord Genuity says, "We are revising our 12-month target price to US$20.00 from US$25.50 based on 0.75x (prev. 0.85x) our 5%/peak NAVPS estimate of US$26.88 (previously US$30.18). Our valuation has been reduced by assuming higher cash operating costs at Dolores, reducing our value for La Bolsa (considered a non-core asset), and increasing our discount rate on Navidad to 15% from 12.5%."PAAS closed at $14.90 on Wednesday.

27% profit every 20 days?

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