Jefferies has recently adjusted their price target for Pan American Silver (PAAS) from $58 to $54 while maintaining a Hold rating on the company’s shares. This decision comes after the company’s Q4 production results were revealed to be a mixed bag. While silver volumes exceeded consensus estimates, gold volumes fell short of expectations.
In addition to the production results, Pan American Silver’s 2026 guidance indicates lower-than-expected production volumes across all metals. The company is also facing higher costs, capital expenditures, and cash taxes, which have prompted Jefferies to reevaluate their price target for the stock.
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In conclusion, Jefferies’ decision to lower Pan American Silver’s price target reflects concerns about the company’s production results and guidance for 2026. Investors should stay updated on the latest news and developments in the market to make informed investment decisions.
