Friday, October 22, 2010

Pan American Silver (Nasdaq:PAAS) Upgraded by Credit Suisse (NYSE:CS)

Pan American Silver (Nasdaq:PAAS) was upgraded by Credit Suisse (NYSE:CS), as the metal continues to be one of the hotter commodities, although overshadowed by gold because of the enormous record prices it has been trading at.

Credit Suisse upgraded the from "Neutral" to "Outperform."

The ratio between silver and gold has been steadily moving back to historical proportions, giving investors another reason to invest in silver producers.

Pan Am closed Thursday at $29.80, losing $0.52, or 1.70 percent. They have a market cap of 3.19 billion.

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