Royal Bank Of Canada Analysts Give Pan American Silver Corp. (NASDAQ:PAAS) a $23.00 Price Target

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) has been assigned a $23.00 price objective by stock analysts at Royal Bank Of Canada in a report released on Tuesday, October 17th. The firm currently has a “buy” rating on the basic materials company’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 40.54% from the stock’s current price.

Several other brokerages have also commented on PAAS. BMO Capital Markets reiterated a “hold” rating and set a $17.50 price objective on shares of Pan American Silver Corp. in a research report on Thursday, June 29th. Canaccord Genuity restated a “buy” rating and set a $23.00 price target on shares of Pan American Silver Corp. in a research report on Friday, October 6th. BidaskClub lowered Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Raymond James Financial, Inc. lowered Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $20.50 price target on the stock. in a research report on Friday, September 8th. Finally, UBS AG lowered Pan American Silver Corp. from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 7th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $20.89.

Pan American Silver Corp. (PAAS) traded up $0.21 during trading hours on Tuesday, hitting $16.37. The company’s stock had a trading volume of 373,596 shares, compared to its average volume of 1,008,578. The company has a current ratio of 3.78, a quick ratio of 2.29 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2,473.68, a PE ratio of 28.33, a P/E/G ratio of 8.64 and a beta of 0.15. Pan American Silver Corp. has a 1 year low of $13.80 and a 1 year high of $21.29.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.09 by $0.06. The firm had revenue of $201.30 million for the quarter, compared to analyst estimates of $184.96 million. Pan American Silver Corp. had a return on equity of 6.16% and a net margin of 14.62%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.13 EPS. equities analysts expect that Pan American Silver Corp. will post 0.47 earnings per share for the current fiscal year.

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A number of large investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. raised its stake in Pan American Silver Corp. by 1.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 42,371 shares of the basic materials company’s stock valued at $713,000 after buying an additional 679 shares during the last quarter. Advisor Group Inc. raised its stake in Pan American Silver Corp. by 3.9% during the second quarter. Advisor Group Inc. now owns 21,567 shares of the basic materials company’s stock valued at $362,000 after buying an additional 800 shares during the last quarter. National Asset Management Inc. raised its stake in Pan American Silver Corp. by 4.3% during the second quarter. National Asset Management Inc. now owns 20,450 shares of the basic materials company’s stock valued at $344,000 after buying an additional 850 shares during the last quarter. Legal & General Group Plc raised its stake in Pan American Silver Corp. by 5.7% during the second quarter. Legal & General Group Plc now owns 18,253 shares of the basic materials company’s stock valued at $307,000 after buying an additional 990 shares during the last quarter. Finally, Blair William & Co. IL raised its stake in Pan American Silver Corp. by 1.7% during the second quarter. Blair William & Co. IL now owns 70,578 shares of the basic materials company’s stock valued at $1,187,000 after buying an additional 1,208 shares during the last quarter. Institutional investors and hedge funds own 53.75% of the company’s stock.

Pan American Silver Corp. Company Profile

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.

Analyst Recommendations for Pan American Silver Corp. (NASDAQ:PAAS)

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