BZ:Dahlman Rose Provides Color on Pan American Silver, Buy
Dahlman Rose provided color on Pan American Silver (NASDAQ: PAAS). In a research report published today, Dahlman Rose stressed its optimism about the company's silver operations.
In the report, Dahlman Rose states, "The company has an outstanding growth profile with significant ounces to be added by recently acquired Navidad and its Joint Venture on La Preciosa in the near future. Management expects the development of Navidad to commence in late 2011. At full production, it should increase the company's annual silver production by 16MM ounces to over 40MM ounces, representing a 66% increase over 2010's production."
At the moment, Dahlman Rose has a Buy rating and a price target of $46.99 placed on the company's stock. On Thursday, Pan American Silver added 2.12% to its value to close the day at $30.31. Its shares edged a bit higher in today's pre-market trading as well, rising 0.08% to $30.33.
