Seeking Alpha

Pan American Silver (PAAS -7%) is downgraded to Market Perform with a $19.50 target price (from...

Pan American Silver (PAAS -7%) is downgraded to Market Perform with a $19.50 target price (from $30) at BMO Capital, as a lack of growth and high cost structure expose shareholders to downside risk in a declining metal price environment. The firm cuts its EPS and cash flow/share outlook 58% and 34%, respectively, to $0.74 and $1.55, well below consensus. Also, SLW -7.5%, HL -8.5%.
Comments (3)
  • lol @ BMO good timing, don't think Don Coxe was asked...?
    15 Apr 2013, 01:12 PM Reply Like
  • These guys do this with a stright face MORONS! Maybe you step in and buy exposure here.
    15 Apr 2013, 01:49 PM Reply Like
  • Now they tell us? Must be some freaking geniuses over there at BMO Capital. It is comments like these that confirm that these so-called "experts" know about as much as the average guy on the street. I use yahoos like these to confirm my contrarian sentiment.
    15 Apr 2013, 02:32 PM Reply Like
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