Pan American Silver Corp. (USA) (PAAS) is Reiterated by FBR Capital to Mkt Perform, Raises Price Target to $ 16

Pan American Silver Corp. (USA) (PAAS) was Reiterated by FBR Capital to “Mkt Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 16 from a previous price target of $12 . FBR Capital advised their investors in a research report released on May 16, 2016.

Many Wall Street Analysts have commented on Pan American Silver Corp. (USA). Pan American Silver Corp. (USA) was Upgraded by CIBC to ” Sector Outperform” on Apr 8, 2016. Deutsche Bank Downgraded Pan American Silver Corp. (USA) on Mar 23, 2016 to ” Hold”, Price Target of the shares are set at $10.50.Pan American Silver Corp. (USA) was Upgraded by CIBC to ” Sector Perform” on Feb 22, 2016.

On the company’s financial health, Pan American Silver Corp. (USA) reported $0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 12, 2016. Analyst had a consensus of $-0.03. The company had revenue of $158.30 million for the quarter, compared to analysts expectations of $165.16 million. The company’s revenue was down -11.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.13 EPS.

Pan American Silver Corp. (USA) closed down -0.05 points or -0.32% at $15.65 with 30,72,485 shares getting traded on Friday. Post opening the session at $15.72, the shares hit an intraday low of $15.55 and an intraday high of $15.9387 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Pan American Silver Corp (Pan American) is a Canada-based company engaged in the development and exploration of silver producing properties and assets. The Company’s principal product is silver and also produces and sells gold zinc lead and copper. It is engaged in mining operations and is developing mining projects in Mexico Peru Argentina and Bolivia and has control over non-producing silver assets in each of those jurisdictions and in the United States. The Company’s principal products and sources of sales are silver and gold ore as well as silver bearing zinc lead and copper concentrates. It operates among others the Huaron Morococha Alamo Dorado Dolores La Colorada Manantial Espejo and San Vicente mines.

Pan American Silver Corp. (USA)

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