Deutsche Bank Downgrades Pan Am Silver (PAAS) to Hold

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Deutsche Bank downgraded Pan Am Silver (NASDAQ: PAAS) from Buy to Hold.

The firm said while they still see upside to gold and silver prices, many precious metal firms are not generating sufficient EPS to justify upside based on P/E multiples of Industrial peers.

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 $19.20 yesterday, with a 52 week range of $13.49-$27.11.

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