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Company News

BUZZ-Pan American Silver: Shines on Q2 results; Credit Suisse raises PT

** Silver producer’s Toronto-listed and U.S. shares rise as much as 14 pct on higher Q2 results

** Toronto shares touch a near 2-month high of C$23.07

** Credit Suisse raises PT to C$25 from C$23

** U.S. shares hit over 2-month high of $18.17

** PAAS posts 5.2 pct rise in Q2 net income; revenue up 5 pct at $201.3 mln

** Co cuts 2017 cost guidance range to $5.50-$6.50/ounce, from $6.45-$7.45/ounce

** 3 of 6 brokerages rate the stock “buy”, 3 “hold”; median PT C$20.09

** Up to Wednesday’s close, stock had fallen 8.2 pct in 3 months

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