Pan American Silver Corp. (NYSE:PAAS) had its price target raised by RBC Capital and BofA Securities, with predictions that gold prices could reach $5,000 per ounce in 2026. BofA analysts believe that the metal could potentially hit $7,000 per ounce, making PAAS an attractive investment option.

BofA Securities sees gold as a top trade for 2026, projecting a 10% return. They highlighted the potential upside for gold if it matches the 2000s bull cycle, with potential for $7,000/oz. The firm also noted that royalty and streaming companies could offer better long-term returns due to higher margins and asset diversification.

Pan American Silver Corp. (NYSE:PAAS) is a major silver and gold producer in the Americas, operating mines in several countries. Despite its potential as an investment, some suggest that certain AI stocks offer greater upside potential and lower downside risk. Investors looking for opportunities may want to explore other options in the market.

Read more at Yahoo Finance: Analysts Raise Pan American Silver (PAAS) Price Targets