Pan American Silver (PAAS) Receives ‘Analyst’ Rating

Pan American Silver (PAAS) has an average broker rating of 2.75, which is interpreted as a Hold, as rated by 8 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy. 1 considers that the stock is a Sell.

Pan American Silver (PAAS) : The most positive equity analysts on Pan American Silver (PAAS) expects the shares to touch $24, whereas, the least positive believes that the stock will trade at $11 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $16.36 with an expected fluctuation of $4.54 from the mean.


Also, BMO Capital downgrades 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 Market Perform by the stock experts at the ratings house. Earlier, the shares had a rating of Outperform. The rating by the firm was issued on August 23, 2016.

Pan American Silver (NASDAQ:PAAS): After opening at $17.23, the stock dipped to an intraday low of $17.0238 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $17.8399 and the buying power remained strong till the end. The stock closed at $17.4 for the day, a gain of 0.40% for the day session. The total traded volume was 2,654,334. The stocks close on the previous trading day was $17.33.

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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