UPDATE: BMO Capital Downgrades Pan American Silver to Underperform on Low Metal Prices
July 01, 2013 at 11:23 AM EDT
In a report published Monday, BMO Capital Markets analyst Andrew Kaip downgraded the rating on Pan American Silver Corp. (NASDAQ: PAAS ) from Market Perform to Underperform, and lowered the price target from $19.50 to $9.50. In the report, BMO Capital Markets noted, “BMO Research has ranked 24 proposed silver