Short Term Price Target on Pan American Silver (PAAS)

Pan American Silver (NASDAQ:PAAS) stock is expected to deviate a maximum of $2.53 from the average target price of $14.04 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $18 and the most muted being $11.

Shares of Pan American Silver Corp. rose by 8.15% in the last five trading days and 16.34% for the last 4 weeks. Pan American Silver Corp. is up 50.36% in the last 3-month period. Year-to-Date the stock performance stands at 153.65%. Also, In the latest statement by the brokerage house, BMO Capital upgrades its outlook on Pan American Silver (NASDAQ:PAAS). The current rating of the shares is Outperform, according to the research report released by the firm. Previously, the company had a rating of Market Perform. The rating by the firm was issued on May 12, 2016.

Pan American Silver (NASDAQ:PAAS) : The consensus on Pan American Silver (NASDAQ:PAAS) based on 10 analyst recommendation on the company stock is 2.6, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Pan American Silver (NASDAQ:PAAS).

Pan American Silver (NASDAQ:PAAS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.24 and $15.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.45, notching a gain of 2.56% for the day. The total traded volume was 3,743,731 . The stock had closed at $16.04 on the previous day.

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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