Jefferies Keeps its Hold Rating on Pan American Silver Corp. (PAAS)

Pan American Silver Corp. (NYSE:PAAS) is among the 15 Best Performing Silver Stocks to Buy.

TheFly reported on December 7, 2025, that Jefferies kept its Hold rating on Pan American Silver Corp. (NYSE:PAAS) and lifted its price target to $50 from $42. The update was included in the company’s metals and mining outlook for 2026. As reported by Jefferies, it is still optimistic about gold stocks because of their attractive prices and anticipates that gold businesses will increase their margins and free cash flow in 2026 as opposed to 2025. The business is more cautious about copper stocks due to valuations. Hudbay was Jefferies’ top choice for copper, and Barrick Mining, Alamos Gold, and Royal Gold were its top choices for gold.

On December 1, 2025, Pan American Silver Corp. (NYSE:PAAS) published a year-end exploration update for 2025 that included information on Jacobina, El Peñon, La Colorada, Huaron, Timmins, Minera Florida, and Cerro Moro. Potential resource extension north of the Maricota deposit was confirmed by drilling at Jacobina. Drilling at El Peñon revealed new mineralized structures, such as the Dominadora vein. Drilling at La Colorada produced strong widths and grades. 333,830 meters dug, or 70% of the 540,000 meters scheduled for 2025, were included in the update.

Pan American Silver Corp. (NYSE:PAAS) is a mining company that primarily operates, develops, and explores properties and assets that produce silver and gold.

READ NEXT: 20 Best Performing Stocks in 2025 and 12 Best Food Stocks to Buy in 2026. 

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