Pan American Silver (PAAS) Given a $21.00 Price Target at Scotiabank

Scotiabank set a $21.00 price target on Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) in a research report released on Monday, January 8th. The firm currently has a buy rating on the basic materials company’s stock.

Several other equities research analysts also recently weighed in on PAAS. Zacks Investment Research downgraded shares of Pan American Silver from a buy rating to a hold rating in a report on Thursday, January 4th. Royal Bank of Canada set a $22.00 price objective on shares of Pan American Silver and gave the stock a buy rating in a report on Tuesday, December 5th. Canaccord Genuity reaffirmed a buy rating and issued a $23.00 price objective on shares of Pan American Silver in a report on Friday, October 6th. BidaskClub raised shares of Pan American Silver from a strong sell rating to a sell rating in a report on Thursday, December 21st. Finally, CSFB upped their price target on shares of Pan American Silver from $24.00 to $25.00 and gave the company an outperform rating in a report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $20.92.

Shares of Pan American Silver (NASDAQ PAAS) opened at $16.66 on Monday. The stock has a market cap of $2,550.00, a price-to-earnings ratio of 27.31, a P/E/G ratio of 7.15 and a beta of 0.09. Pan American Silver has a 12 month low of $13.99 and a 12 month high of $21.29.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, November 8th. The basic materials company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. Pan American Silver had a net margin of 12.23% and a return on equity of 5.12%. The firm had revenue of $190.79 million during the quarter, compared to analyst estimates of $199.43 million. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The firm’s revenue for the quarter was down 18.3% compared to the same quarter last year. sell-side analysts forecast that Pan American Silver will post 0.49 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Alliancebernstein L.P. bought a new stake in shares of Pan American Silver in the second quarter valued at approximately $170,000. Quantbot Technologies LP acquired a new position in shares of Pan American Silver in the third quarter valued at $177,000. Virtu Financial LLC acquired a new position in shares of Pan American Silver in the third quarter valued at $178,000. Tower Research Capital LLC TRC raised its stake in shares of Pan American Silver by 1,091.3% in the second quarter. Tower Research Capital LLC TRC now owns 8,661 shares of the basic materials company’s stock valued at $189,000 after purchasing an additional 7,934 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Pan American Silver in the second quarter valued at $189,000. 53.89% of the stock is owned by institutional investors.

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About Pan American Silver

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 (NASDAQ:PAAS)

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