Scotiabank Raises its Price Target on Pan American Silver (PAAS) to $65

Pan American Silver Corp. (NYSE:PAAS) is one of the 15 Best Precious Metal Stocks to Buy According to Wall Street Analysts.

On April 22, 2026, Pan American Silver Corp. (NYSE:PAAS) saw Scotiabank raise its price target to $65 from $64 while maintaining an Outperform rating. The firm said it was updating price targets across its gold and precious metals coverage.

Last month, BofA raised its price target on Pan American Silver Corp. (NYSE:PAAS) to $94 from $84 and maintained a Buy rating after the company released an updated preliminary economic assessment for its La Colorada Skarn silver-zinc-lead project. The firm said upfront capex was significantly lower than in the prior assessment while still supporting strong silver production growth.

Earlier in March, Pan American Silver reported new drill results from the southeastern and eastern Candelaria zones at its La Colorada Mine in Zacatecas. Exploration drilling between the Cristina and San Geronimo systems led to the discovery of at least four new veins and associated mineralization with high silver, gold, and base metal grades.

Photo by Scottsdale Mint on Unsplash

The company said silver assays exceeded 1,000 g/t in 40% of the reported drill holes, with many also containing high gold and base metal grades. Management said the discoveries could expand mineral resources at La Colorada and further support its phased development strategy focused on higher-grade zones.

Pan American Silver Corp. (NYSE:PAAS) operates silver and gold mines across Chile, Peru, Brazil, Mexico, Canada, Argentina, Bolivia, and Guatemala, producing silver, gold, zinc, lead, and copper.

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