Pan American Silver upgraded to Outperform from Sector Perform at RBC Capital

RBC Capital analyst Michael Siperco upgraded Pan American Silver to Outperform from Sector Perform with a price target of $22, up from $19. The analyst views the company’s proposed transaction to acquire Yamana’s South American asset portfolio as "accretive on all metrics." The deal should increase Pan American’s operating and development flexibility, with potential strategic upside beyond near term metrics, Siperco tells investors in a research note.