National Bank Financial on Tuesday reiterated its outperform rating on the shares of Pan American Silver (PAAS.TO, PAAS) while raising its price target to C$44.25 from C$40.75 following the company's third-quarter results.
"We rolled the DCF forward and updated our model with Q3/24A. We added La Arena ops for Q4/24 and moved deal closure forward to year-end (was Q3/24). After model adjustments, we model FY24 production at 21.1mln oz Ag and 916k oz Au, slightly below respective guidance midpoints, with a back-end loaded Q4/24. On costs, we model FY24 AISC at $17.80/oz Ag and $1,502/oz Au, both within respective guidance ranges. Finally, we adjusted taxes paid higher in Q4/24 to ~$80 mln, as per company messaging," Analyst Don DeMarco wrote.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 30.08, Change: -0.09, Percent Change: -0.30
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。