5 Best Gold Mining Companies to Invest In According to Analysts

2. Pan American Silver Corp (NYSE:PAAS)

Average Analyst Share Price Upside: 62.42%

Average Analyst Share Price Target: $21.31

Formerly known as Pan American Minerals Corp, Pan American Silver Corp. (NYSE:PAAS) is a diversified metals mining company involved in the exploration, development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines. Its operations span across Canada, Mexico, Peru, Argentina, and Bolivia.

On December 11, BMO Capital resumed coverage of Pan American Silver Corp. (NYSE:PAAS) with an Outperform rating and a $25 price target. The firm highlighted several positive aspects of the company, including its successful acquisitions and robust mine operations, ultimately deeming it “well-valued.”

According to Insider Monkey’s Q4 2023 database, 22 out of 933 hedge funds had investments in Pan American Silver Corp. (NYSE:PAAS).