U.S. silver futures for March 2015 delivery were gaining 3.2% to $16.29 on the Comex late Tuesday morning.
Prices of the metal were rising due to a weaker U.S. dollar, and concerns of tension between Russia and Western countries, according to Reuters. The strengthening of the yen, falling oil prices, and concerns about the upcoming election in Greece may also be contributing to the rise in precious metal prices, according to Reuters.
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TheStreet Ratings team rates PAN AMERICAN SILVER CORP as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate PAN AMERICAN SILVER CORP (PAAS) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows: