Pan American Silver: Up 70%!
Print This Post
| Topic: Silver Mining Companies — July 13th, 2007
We first signalled a BUY on Pan American Silver in July when it was trading at about $18.00
It now is trading at $30.48 so we are sitting on a gain on about 70%.
PAAS is one of the “safer” silver stocks, as it a lot larger than many other silver stocks on the market at the moment. PAAS is worth about $2.21 billion but despite being fairly large it has still managed to perform very well for us.
Pan American Silver has stated that their aim is to be the best investment vehicle for investors wanting exposure to silver. We are confident that in the next leg up in this silver bull market, which we think is coming at the end of the summer, PAAS will perform very well indeed.
With quality silver mining companies like PAAS one is not betting on a exploration play, where most of the gains will be made from finding silver, not by a rise in silver prices. PAAS is one of the companies that stands to gain a lot from higher silver prices, as they are actually mining silver today, and so will be selling into the coming Bull Market for silver prices. We think silver prices are going to $20.00 per ounce very soon, but over the longer term we see no reason why we couldn’t be looking at triple digit silver prices.
Pan American Silver trades as PAAS on the NASDAQ and as PAA on the TSX.
Related Articles
Pan American Silver Corporation: Up 6.92% in one day!
Pan American Silver: Still going Strong and Steady
Pan American Silver Corporation: Buy!
Pan American Silver Corp
Pan American Silver Corporation: BUY
|
|


![[Most Recent Quotes from www.kitco.com]](http://kitconet.com/images/quotes_2a.gif)