I am initiating coverage on Pan American Silver (NYSE: PAAS ) (TSX: PAAS:CA ) with a “Buy” rating and an investment horizon of 24 months. I believe that Pan American stock is attractively valued and is positioned to benefit from higher preciousAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving c ...