Pan American Silver Corp. (NYSE:PAAS) is one of the 13 Best Gold Mining Companies to Invest in Now. On December 10, RBC Capital increased its price target for Pan American Silver Corp. (NYSE:PAAS) from $45 to $55 and reiterated a Buy rating.
Previously on December 1, BofA Securities analyst Lawson Winder also raised the company’s price target on Pan American Silver Corp. (NYSE:PAAS) from $46 to $51 and maintained a Buy rating. The research firm expects gold prices to rise sharply over the next year, predicting the metal could reach $5,000 an ounce in 2026. It believes many of the macro factors driving prices are still in place.
BofA Securities noted that “if gold were to match the bull cycle of the 2000s, $7,000 per ounce could represent an increase.” Michael Hartnett, investment strategist at BofA, believes gold is a “top buy for 2026” with a projected return of 10%.
In this context, the research firm reviewed which North American mining companies would benefit most from additional profits. BofA analyst Winder noted that producers tend to be more price-sensitive than royalties and streaming companies. However, Winder noted that royalty and streaming companies can offer better long-term returns due to “higher margins, insulation from cost inflation and much greater asset diversification.” He also noted that in recent years, operational challenges and construction risks have weighed on many producers, making royalty companies more stable.
Pan American Silver Corp. (NYSE:PAAS) operates mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina. The company is a leading producer of silver and gold in America.
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Disclosure: None. This article was originally published in Internal jumpsuit.