Pan American Silver price target raised to $27 from $26 at BMO Capital

BMO Capital raised the firm’s price target on Pan American Silver to $27 from $26 and keeps an Outperform rating on the shares after the company’s update on the economic assessment of La Colorada Skarn project. The project will be further expanded and de-risked as development continues, and the firm’s price target adds the project into its estimates, the analyst tells investors in a research note, noting that the production will fit well into the Pan American operating sequence.