Price Target Update on Pan American Silver (NASDAQ:PAAS)

Pan American Silver (NASDAQ:PAAS) : 7 investment research analysts covering Pan American Silver (NASDAQ:PAAS) have an average price target of $13.54 for the near short term. The highest target price given by the Brokerage Firm to the stock is $16 and the lowest target is $11 for the short term. Analysts expect the variance to be within $1.93 of the average price.

Other Equity analysts have also commented on the company shares. BMO Capital upgrades its view on Pan American Silver (NASDAQ:PAAS) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Earlier, the shares had a rating of Market Perform. The rating by the firm was issued on May 12, 2016.

Pan American Silver (NASDAQ:PAAS): stock turned positive on Thursday. Though the stock opened at $14.91, the bulls momentum made the stock top out at $15.3864 level for the day. The stock recorded a low of $14.79 and closed the trading day at $15.21, in the green by 1.74%. The total traded volume for the day was 2,916,240. The stock had closed at $14.95 in the previous days trading.

The company shares have rallied 64.47% from its 1 Year high price. On May 17, 2016, the shares registered one year high at $16.49 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $14.88 and the 200 Day Moving Average price is recorded at $10.70.

Pan American Silver Corp (Pan American) is a Canada-based company engaged in the development and exploration of silver producing properties and assets. The Companys 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 Companys 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.

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