Pan American Silver (PAAS) Receives Price Target

Pan American Silver (PAAS) : 8 Wall Street analysts covering Pan American Silver (PAAS) believe that the average level the stock could reach for the short term is $16.36. The maximum price target given is $24 and the minimum target for short term is around $11, hence the standard deviation is calculated at $4.54.

Pan American Silver (PAAS) : 8 analysts are covering Pan American Silver (PAAS) and their average rating on the stock is 2.75, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Pan American Silver (PAAS) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, BMO Capital downgrades their rating on the shares of Pan American Silver (NASDAQ:PAAS). The current rating of the shares is Market Perform. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on August 23, 2016.

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 $17.30 and $17.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.05, notching a gain of 3.68% for the day. The total traded volume was 3,575,544 . The stock had closed at $17.41 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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