Pan American Silver announces results of annual general and special shareholders meeting
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FBR Capital Raises Price Target on Pan American Silver (PAAS) to $16 Following 1Q Beat
May 16, 2016 2:15 PM EDTFBR Capital reiterated a Market Perform rating on Pan American Silver (NASDAQ: PAAS), and raised the price target to $16.00 (from $12.00), following the company's 1Q earnings report. PAAS reported an EBITDA beat with EBITDA of $39.1M, versus the consensus of $27.5M. Pan American maintained all 2016 production guidance, and expectations for cash costs and AISCSOS. The company also maintained its quarterly dividend of $0.0125 per share.... More
