$PAAS

Pan American Silver (PAAS) fell 2.04% to close at $43.23, while the S&P 500 rose 0.21%. The stock is down 1.21% over the past month. Ahead of an Aug. 12, 2026 earnings release, consensus calls for EPS of $0.88 and revenue of $1.2B. Zacks expects annual EPS of $4.15 and revenue of $5.03B; Zacks Rank is #5 and Forward P/E is 10.64.

Jefferies kept a Buy rating on Pan American Silver (NYSE:PAAS) but cut its price target to $53 from $54 on July 6, citing gold’s drop since Q1 and expected margin contraction in Q2 from lower gold prices and higher diesel costs. BofA on July 9 cut its PAAS target to $69 from $77, citing weaker commodity forecasts and challenging conditions into autumn.

Pan American Silver Corp. (NYSE: PAAS, TSX: PAAS) said it will release its unaudited second-quarter 2026 financial results after market close on Aug. 12, 2026. A conference call and webcast are scheduled for 11:00 am ET on Aug. 13, with registration and a webcast archive available on its website.

Bank of America Global Research cut near-term commodity price forecasts and reduced 30 metals and mining price targets, including 21 precious and 3 base metals. It kept highest-conviction upside in uranium, nickel, platinum and silver. BofA named Cameco (CCJ), Freeport-McMoRan (FCX) and Pan American Silver (PAAS) as top picks for 2026, citing upside of about 48%, 35% and 56% to its objectives.

RBC Capital Markets co-heads of global research Graeme Pearson and Mark Odendahl updated their “Top 30” global stock list, adding Apotex Health, Canadian National Railway, Lonza and deleting Alcon, Boston Scientific and DuPont. The list returned 11.1% in USD in Q2/26. Separate notes cover Scotiabank’s view on KMP REIT rents and BofA’s metals outlook, cutting 32 price objectives and highlighting CCJ, FCX and PAAS.

Bank of America cut 32 commodity price targets across precious metals, base metals and steel, and lowered 2026 estimates for 31 of 33 companies it covers. Despite broad downgrades, it kept uranium as its top 2026 conviction, citing 23% upside versus spot. Cameco is the top uranium pick, with about 48% upside to its price target. BofA also trimmed its 2026 gold forecast to $4,360/oz.

Pan American Silver (PAAS) has been choppy in 2026 and recently pulled back toward the $44 support area. Schaeffer’s analyst says PAAS is trading near 0.75x the 260-day moving average’s 20-day ATR and that a similar pattern occurred nine times in 10 years, with shares higher one month later 100% of the time (avg +15.4%). Options data show a high 50-day put/call ratio (2.71).

The FTSE 100 reversed earlier gains and was down about 39 points to 10,433 on Monday, as Shell and BP fell around 4% each while Brent crude dropped nearly 5% to just above $83 a barrel. The move followed a US-Iran “complete” ceasefire announcement by President Trump and expectations of Strait of Hormuz reopening, which boosted risk sentiment and lifted US stocks.

After Donald Trump announced a US-Iran peace deal to end the war, London stocks rose Monday on expectations of lower oil prices, reopened shipping lanes and more normal global travel. Wizz Air gained 9.07%, IAG 4.56%, Rolls-Royce 4.97% and SSP Group 5.30%. Gold and silver miners also climbed (e.g., Hochschild 6.34%, Pan African 5.32%) as Hormuz reopening was seen easing inflation and rate expectations.

The article cites a bullish thesis on Pan American Silver (PAAS) from MoneyShow on X.com. It says PAAS traded at $46.13 on June 9 and had trailing/forward P/E of 15.01/10.72 (Yahoo Finance). The report highlights a revised Preliminary Economic Assessment for La Colorada Skarn, reducing capex to $1.9 billion, removing block caving and partner needs, and targeting ~16 million oz silver annually in years 1–5.