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Deutsche Bank Downgrades Pan Am Silver (PAAS) to Hold; Concerns in Argentina

July 9, 2012 7:27 AM EDT Send to a Friend
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Price: $11.82 -2.64%

Rating Summary:
    2 Buy, 10 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 21 | Down: 25 | New: 14
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Deutsche Bank downgraded Pan Am Silver (NASDAQ: PAAS) from Buy to Hold with a price target of $22.00.

Deutsche analyst said, "...implementation of draft mining legislation submitted in
Chubut (Argentina) may render Navidad project uneconomical and growth prospects become uncertain."

For an analyst ratings summary and ratings history on Pan Am Silver click here. For more ratings news on Pan Am Silver click here.

Shares of Pan Am Silver closed at $15.80 yesterday.




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