Bank of America Securities Maintains a Buy on Pan American Silver Corp. (PAAS)

Pan American Silver Corp. (NYSE:PAAS) is one of the best hot large cap stocks to buy according to hedge funds. On August 29, Bank of America Securities analyst Lawson Winder maintained a Buy rating on Pan American Silver Corp. (NYSE:PAAS) and set a price target of $40.00.

Why Pan American Silver Corp. (PAAS) Soared On Thursday

Pan American Silver Corp. (NYSE:PAAS) released its unaudited earnings for fiscal Q2 2025 on August 6, reporting record net earnings of $189.6 million.

The company attained record free cash flow of $233.0 million in the quarter, which resulted in a record high cash balance of $1.1 billion at quarter end.

Pan American Silver Corp. (NYSE:PAAS) also announced a 20% dividend hike from $0.10 to $0.12 per common share with respect to Q2 2025.

Pan American Silver Corp. (NYSE:PAAS) operates, develops, and explores silver and gold producing assets and properties. Its operations are divided into the Silver and Gold segments.

While we acknowledge the potential of PAAS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PAAS and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.