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

|About: Pan American Silver Corp. (PAAS)|By:, SA News Editor

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%.