UPDATE: Canaccord Genuity Lowers PT on Pan American Siler on Risks Associated With Gold Price
May 15, 2013 at 10:55 AM EDT
In a report published on Wednesday, Canaccord Genuity analyst Rahul Paul lowered the price target from $21.00 to $19.50 on Pan American Siler (NASDAQ: PAAS ) and maintained a Buy rating. In the report, Canaccord stated, "With the recent decline in metal prices, the company is focusing on reducing operating overhead